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HomeNEWSGOODRIDGE SHUTS SILVERSTONE RACE FACILITY

GOODRIDGE SHUTS SILVERSTONE RACE FACILITY

Following reorganisation in the wake of a recent take-over by private equity investors Rubicon and Grovepoint Capital, Goodridge has closed down its unit at Silverstone race circuit.

The company says this closure decision was primarily customer-driven, because demand at Silverstone was moving away from purely hoses and fittings towards complete engineering assemblies. These would have to be produced at its Exeter factory anyway, where equipment is available to bend alloy or stainless hard-line, and braze or weld assemblies.

Goodridge plans to establish a presumably dealer-based G Tech centre within 20 miles of Silverstone in the near future, for continuity of parts supply to other customers. The Goodridge mobile van is still active too, to offer installation support at customers’ own premises.

Since its acquisition by Rubicon and Grovepoint, the company has also been divided into two operating divisions — Goodridge Europe and Goodridge Americas. The former, which covers Europe, the Middle East, Africa and Asia, is headed up by chief executive Jon Hourihan. Jamie Ramsden has become chief executive of the latter. In addition, Javel Djulepa has been appointed to manage motorsport and aftermarket business in continental Europe.

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