Woodham Mortimer acquires JD Classics
- 21/09/2018
- Posted by: Simon Wait
- Category: News
JD Classics has been acquired by Woodham Mortimer Limited.
The sale safeguards the jobs of approximately 60 employees at the company’s headquarters in Maldon, Essex, and includes the company’s workshop and restoration business, as well as its racing team.
The new business begins trading with immediate effect and will benefit from a solid financial foundation that will deliver an ambitious development plan. Trading under the name Woodham Mortimer, the company is excited to bring a new brand to the classic car market.
Jean-Marc Gales, the former CEO of Group Lotus, will lead the new company as its chairman and CEO.
Jean-Marc said, ‘It is fantastic news that we can today announce a future with financial security and a solid plan for growth, through the acquisition by Woodham Mortimer Ltd. Despite the difficulties of the recent past, the company remains a world-class organisation with a workforce of dedicated and highly talented individuals. We will continue to grow and develop a business that builds upon the excellence that JD Classics established. We look forward to a future at the absolute pinnacle of classic car restoration, historic competition and sales.’
