Leeds Galvanising and Powder Coating Ltd (LGPC), the wholly owned trading subsidiary of Leeds Galvanising Holdings Ltd, has handed over ownership to its employees.
The Leeds-based business’s 80-member workforce has been transferred the entire shareholding through an Employee Ownership Trust (EOT).
Founded over 15 years ago, LGPC has grown from one of the smallest galvanisers in the country to what it says is the largest galvanising and powder coating plant in the North of England.
Simon Kelly, Managing Director and owner, will remain Managing Director following the change.
Simon said: “LGPC has always been passionate about its people and they have been unswerving their loyalty and commitment to the business. This EOT is just reward for their hard work and talent and the key role that they have played in making LGPC the success it is today as the largest business of its kind in the north of England.
“Transferring the company into employee ownership also ensure its values and culture live on for the next phase of its growth and means that we can look forward to an existing future together.”
Accountancy firm Azets UK provided deal and tax advisory services, while Mills & Reeve provided legal advice.
Simon’s father, Mike, originally formed Bradford Galvanising in 1995 and Simon joined shortly afterwards. The business moved to it’s current site in Leeds and became Leeds Galvanising in 1997, with Simon taking the role of MD in 2016.
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