The Yorkshire based LNT Group continued its motor sport expansion with the acquisition this week of Ginetta Cars, one of the UK's oldest names in sports and racecar manufacturing.
Ginetta's Martin Phaff said: "This is a great opportunity for this British marque, cherished by racing enthusiasts throughout the world, to build on a successful base and fulfil its potential.
"Ginetta will continue to focus on motorsports entry level niche whilst looking to develop overseas Championships and strengthen its position as the leader in junior sportscar racing.
"Investment is everything in business and Motorsport is no different, the LNT group will allow us to move forward and grow from our successful racing series".
Group Chairman Lawrence Tomlinson said: "We want to create a motor sport centre of excellence here in Yorkshire, our European representation for the U.S manufacturer Panoz will enable us to win at the highest level of International GT racing. Closer to home our interest is now complimented by Ginetta, offering us a unique opportunity to spot and nurture new driver talent.
"We are delighted to have not only secured a genuine British Sports car manufacturer but the services of one of Motorsports most enthusiastic and capable promoters in Martin Phaff".
Martin Phaff stays on at Ginetta, heading up all sales and race series co-ordination.
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