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12
Feb 2024
Harrogate firm sold to Irish multinational
Harrogate firm Groundtrax Systems has been acquired by an international company based in Dublin.
Groundtrax, which was founded by Simon Adams in 2011, has a storage and distribution facility at Station Yard in Ripley. It provides specialist ground protection products, such as reinforced paving, for roads, car parks and commercial sites.
According to a media release issued today, it has been bought for an undisclosed sum by Origin UK Operations Ltd, which is part of Irish multinational Origin Enterprises PLC.
The release added the business, led by Mr Adams and supported by director Laura Tyrrell and sales manager David Marsh, "has experienced strong growth in recent years" and has "built a UK-wide customer base of high-profile organisations that operate in the construction, hospitality and transport sectors, amongst others".
Mr Adams, who will remain with the business, said:
Advising Mr Adams, who was the 100% shareholder of Groundtrax, was north-east based RG Corporate Finance. LCF Law provided legal advice.
Chris Clark, managing director of Origin Amenity, said:
Origin Enterprises provides a range of agricultural advice, services and products to arable, fruit, vegetable growers amenity and landscaping professionals in the UK, Europe and Brazil.
Photo caption: Simon Adams, managing director of Groundtrax, with its trackway and truck grade cellular paver products ready for dispatch from the company’s facility in Ripon.
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