Goodridge USA announces new Americas CEO
05 September 2019
Goodridge Ltd, a global fluid transfer systems manufacturer supplying OEM, performance, motorsport and defence markets; is pleased to announce the appointment of Thinh Pho as the new CEO of the organisations three North American operations.
Thinh, was formerly the Executive Vice President of Dynacast, a leading global manufacturing company specialising in die cast and metal injection moulding technologies. He will take up his position in Torrance, CA, the headquarters of Goodridge USA’s Original Equipment Manufacturing division.
With a proven track record of driving profitability and sustaining growth supplying automotive, EV, industrial, aerospace and military sectors, core parts of the global Goodridge business, Thinh will be focusing on strengthening and building upon Goodridge’s strong customer base in North America.
Thinh will work closely alongside Goodridge Global CEO, Charles Bolton, appointed in 2018, already delivering record success for Goodridge.
On welcoming Thinh to Goodridge, Charles Bolton said:
‘We are very excited to have Thinh join our global executive team and look forward to the ongoing success and growth of our Americas business under his care’
On taking up his position in Torrance, Thinh Pho commented:
‘I am thrilled and humbled to join a global brand leader and well respected partner to the OEM, performance and racing industry; I am looking forward to taking Goodridge Americas to the next level’
Goodridge, founded in 1969, celebrates its fiftieth anniversary this year, supplying fluid transfer systems across the globe.
Headquartered in the UK, Goodridge operates out of twelve manufacturing facilities throughout Europe, Asia and the Americas; supplying OEM automotive, EV, performance, motorsport, marine and defence markets.
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Founded in 1969, Goodridge has developed from a single seat race team in Canada, to be the world’s leading manufacturer of performance fluid transfer systems. It operates in the OEM, automotive, motorcycle, motorsport, defence and specialist industrial sectors. This dynamic private company now manufactures in twelve facilities globally and supplies customers around the world with a unique combination of design, innovation, reliability and outstanding service. Goodridge operates globally with manufacturing and distribution operations in the UK, Europe, USA, Mexico and Japan, employing more than 400 people worldwide.
Goodridge was founded by Stuart Goodridge in Totnes in 1969. Following his return from a successful racing career in Canada, Stuart began assembling and selling aerospace fluid transfer components to motorsport race teams. The company remained housed in a listed building on Collins Road, Totnes, until 1988 when the company purchased and developed a site on the Exeter Airport Business Park. In the same year, plants were opened in France, Germany, Spain, Holland, Mexico, and two in the USA.
The airport site was developed and repeatedly extended over 28 years, passing the company’s 40th anniversary. In 2012, Otter Court was acquired on Marsh Barton Trading Estate, to accommodate plans for vertical integration and focus on delivering cost improvements to the business and customers.
Since Goodridge’s acquisition by Rubicon Partners in 2013, uniting the company under one roof has been a high priority. With £3m of investment in the company since 2013, in July 2016 Goodridge’s UK operations merged at the Dart Building on Exeter Business Park, bringing 148 of the group’s then 370 global staff together.
Most recently Goodridge acquired Gieffe Racing, an Italian motorsports distributor in 2018. Followed by the acquisition of Kuhnle Engineering, a fluid transfer systems manufacturer based in Germany, in early 2019.
Goodridge celebrates its 50th anniversary, this year.
Rubicon Partners is a hands-on investment partnership focused on the acquisition of industrial businesses in Europe and North America.
Over the past 20 years Rubicon Partners have acquired 60 businesses across the manufacturing, distribution and service sectors, ranging in value from £15m to £250m. They create value by addressing operational and strategic issues.
Rubicon Partners’ focus is on complexity, both within individual companies as well as groups of businesses or portfolios. They have extensive experience in acquiring from private family ownership, management, corporates and private equity funds.
Rubicon Partners have the ability to add value to business over a longer time period than traditional private equity. Their structure is that of an industrial holding company backed by long-term private capital. Rubicon Partners’ experience and expertise enable them to work with management to grow companies to their full potential over the long term, establishing systems for rigorous financial and operational control and providing a framework for comprehensive and strategic planning and implementation.
Rubicon Partners operates across offices in London, Munich and Shanghai with a team of 15 professionals.
You can read the full article here: https://goodridge.com/uk-blog/goodridge-usa-announces-new-americas-ceo/