Umeco in talks to sell supply chain arm

In a stock market announcement, the Leamington Spa-based plc said it had noted recent speculation in relation to a possible sale of Pattonair, and confirmed that it was in non-exclusive discussions which may or may not lead to a sale. No final terms were agreed, it said, and a further announcement would be made as appropriate. Pattonair customers include Rolls-Royce, BAE Systems, Goodrich, Thales Aerospace, Lockheed Martin and the US Department of Defense. Umeco is managed through three business streams: Umeco Composites, which manufactures and supplies advanced composite materials for industries such as aerospace, marine, motor sport & automotive, construction, wind energy and leisure sports with customers including Boeing, Airbus, manufacturers of high performance super cars and Formula 1 teams. Umeco Composites, which manufacture and supplies vacuum bagging materials to the composites industry. Umeco Supply Chain, which provides distribution and supply chain outsourcing services.