Essex-based tuning firm mountune has been acquired by a consortium of investors led by original founder David Mountain. Terms of the deal have not been disclosed.
In a release, the company says that a ‘large number of jobs will be safeguarded’ at the Brentwood facility.
Investors other than Mountain include Paul Jackson, Ollie Jackson, AJ MacKinnon, Bob Warren.
Formerly part of a global group structure, together with businesses in the USA, the new UK setup is now completely independent and is once again able to focus on racing and performance operations from its UK facility in Essex, enabling it to operate more efficiently.
“It’s widely recognised that the success of the road-car group, predominantly, led to a situation where the demand was outstripping the previous business’s ability to supply and support our customers. COVID-19 simply served to compound the problem further,” said David Mountain. “It gives me enormous pleasure to be able to secure the brand both now, in its 40th year, and for the future. We can’t wait to get back to supplying and supporting our customers and dealers properly and also embracing new technologies that will enable us to take mountune forward for decades to come.”
The original mountune company can be traced back to 1980, when David Mountain started a business power tuning engines for track cars.