Cotton trading firm in move to new Liverpool base
LIVERPOOL, UNITED KINGDOM
18 Aug 2016
RCMA Group is relocating from the Cotton Exchange to 2,500 sq at nearby Exchange Court
Global cotton trading firm RCMA Group is has moved to bigger premises in Liverpool city centre after acquiring a local rival earlier this year.
The business, which has a presence in Singapore, Vietnam, China, London and the US, has secured a 2,500 sq ft office suite in Exchange Court.
It is relocating its 20 staff from the nearby Cotton Exchange. Both properties are owned by Bruntwood.
The company expanded in January 2016 when Singapore-based commodities trader RCMA Asia Pte (which was formerly known as Tong Teik Pte Ltd), part of the RCMA Group, purchased the cotton trading arm of Plexus Cotton and combined the two businesses.
Andy Mitchell, operations manager at the RCMA Group’s Cotton Division, said: “We have already seen significant growth in the first six months of the newly-formed business and this, in tandem with the expansion of our team, meant it quickly became necessary to increase our office space.