Derbyshire-based Hubaco Ltd has acquired 100 per cent of the share capital of YourSchoolUniform.com Ltd, as part of its investment in the company.
The move comes after Hubaco Ltd announced last month it had invested in the Peterborough-based online supplier of school wear to help fund its future growth.
Hubaco Ltd is a family-run business owned and led by husband and wife team Andy Utting and Carolyn Budding.
With its headquarters in Alfreton, the company owns long established and award winning outdoor brands including Terra Nova Equipment, Wild Country and Extremities, as well as children’s outdoor gear retailer, Little Terra.
Since making its initial Investment in YourSchoolUniform.com Ltd last month, Hubaco has secured stock and working capital to improve service to customers.
Yourschooluniform.com Ltd is also planning to increase sales through a franchised network to grow schools’ business and develop initiatives to increase its successful ‘direct to parent’ business.
Plans are also underway to develop the synergy between the school uniform business and Hubaco’s existing companies.
Andy Utting, the new Managing Director of YourSchoolUniform.com Ltd said: “We’re very pleased with this acquisition which offers plenty of long term opportunities.
“It’s a good fit with Hubaco’s children’s business, which retails outdoor and ski wear products from high quality brands such as Spyder, Columbia, Sprayway and Jack Wolfskin.
“Terra Nova Equipment also has a number of schools’ customers, which it supplies with outdoor gear.”
Hubaco operates on a global basis, with distribution throughout Europe, America, and the Far East in countries including Japan, Korea and Taiwan. It also has a strong offshore supply base in addition to its UK manufacturing facility in Alfreton.
The company is renowned for providing best in class, technology-focused products.
This approach has seen the business secure a number of accolades including four Guinness World Records for producing the lightest weight tent commercially available and international recognition through three IF design awards.
For more information please contact:
Carolyn Budding at Hubaco Ltd on 01773 837382 / 07714 099772 or email@example.com
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