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.