Permali Gloucester Ltd was acquired by a management buy-out team, backed by 3i, in June 1998. The Company operates from the site in Glouester which is approximately two hours from London, and operate an ISO9001 quality system with approvals from major companies. The Company manufactures glass-based composites, and other special polymer materials. The product strategy is to develop unique materials with particular applications in the aerospace, defence, medical and rail sectors. Major customers include Airbus, MoD, BAE Systems, Bombardier, Philips and London Underground.