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    07

    Mar 2021

    Last Updated: 05/03/2021
    Business
    Business

    Boroughbridge agricultural business acquired by global company

    by Suzannah Rogerson

    | 07 Mar, 2021
    Comment

    0

    The Boroughbridge-based business, Green-tech, has just been acquired by a global company for an undisclosed figure. Staff have been assured they will keep their jobs in the buy-out.

    the-green-tech-team

    A Boroughbridge agricultural business has gone from strength to strength has now been acquired by global firm, Origin Enterprises.

    Green-tech is based on Rabbit Hill Business Park in Arkendale, near Boroughbridge. Since it formed in 1994, it has grown to be a well-known manufacturer and distributor of landscaping, forestry and grounds maintenance equipment.

    The acquisition was made on Thursday for an un-disclosed figure. Staff have been assured that no jobs will be lost.

    Rachel and Richard Kay are the team behind Green-tech, the local pair set up the company with ambitions to become a one-stop shop for the UK landscape trade. In 2015 its turnover was over £10 million.

    Mr Kay, chairman of Green-tech said:

    "The Green-tech success story is beyond our wildest dreams and we are incredibly proud and grateful for what has been achieved. But none of it would have been possible without the dedicated team at Green-tech who are the backbone of the business.
    "This deal reflects the ambition of Green-tech, very much onwards and upwards and definitely business as usual."





    Read more:



    • Harrogate businesses react to the Chancellor's Budget. 

    • Online meeting being held to help businesses support their staff during the pandemic.





    Origin Enterprises began as a small Irish business but is now a global distributor of farming machinery.

    Through the deal it is hoped that Green-tech can enhance what Origin currently offers in the areas of environmental land management for their agri focussed businesses.

    Chris Clark, managing director of Origin’s Amenity business, said:

    "We are delighted to announce the acquisition of Green-tech. Origin Enterprises’ long-term strategy is to further enhance Origin’s amenity brands and the Green-tech acquisition is an ideal fit.
    "Green-tech has a very experienced team, an extensive sector-focused product range, operates in complementary markets and brings a level of diversification."