KISSIMMEE,
Fla., April 25, 2024 /PRNewswire/ -- ECD Auto
Design (Nasdaq:ECDA) ("ECD" or the "Company"), the world's
largest Land Rover and Jaguar restoration company known for its
custom luxury builds, including bespoke Defenders, Range Rovers and
Jaguar E-Types announced today that it has completed its
acquisition of certain assets from Brand New Muscle Car, a premier
builder of classic American muscle cars for restricted stock of ECD
to be valued at $1.25 million on the
date of issuance.
Scott Wallace, CEO
of ECD Auto Design said, "We are excited to complete our first
acquisition as a publicly traded company and to begin designing and
selling custom, one-of-one classic Ford Mustangs, among several
other classic American muscle cars. The production of Mustangs will
add a third production line to the company's 100,000-square-foot
Kissimmee, Florida facility.
Production will begin in May and we anticipate the first new
product rolling off the line in August. We are thrilled to have the
opportunity to design and build some of the most iconic muscle cars
in history through our unique and industry-leading client design
process.
"The classic car ecosystem represents an
addressable market of roughly $15
billion, and tapping into one of the largest models within
that space enables ECDA to increase its presence amongst restomod
enthusiasts."
About ECD Auto Design
ECD, a public company trading under ECDA on the
Nasdaq, is a creator of restored luxury vehicles that combines
classic English beauty with modern performance. Currently, ECD
restores Land Rovers Defenders, Land Rover Series IIA, the Range
Rover Classic and the Jaguar E-Type. Each vehicle produced by ECD
is fully bespoke, a one-off that is designed by the client through
an immersive luxury design experience and hand-built from the
ground up in 2,200 hours by master-certified Automotive Service
Excellence ("ASE") craftsmen. The company was founded in 2013 by
three British "gear heads' whose passion for classic vehicles is
the driving force behind exceptionally high standards for quality,
custom luxury vehicles. ECD's global headquarters, known as the
"Rover Dome," is a 100,000-square-foot facility located in
Kissimmee, Florida that is home to
90 talented craftsmen and technicians, who hold a combined 61 ASE
and five master level certifications. ECD has an affiliated
logistics center in the U.K. where its seven employees work to
source and transport 25-year-old work vehicles back to the U.S. for
restoration. For more information, visit www.ecdautodesign.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/ecd-auto-design-completes-acquisition-of-brand-new-muscle-car-assets-302126910.html
SOURCE ECD Automotive Design