Wednesday, 13 July 2011

Hubaco Acquires Ltd

Derbyshire-based Hubaco Ltd has acquired 100% of the share capital of Ltd, as part of its investment strategy for the company.

This comes after Hubaco Ltd recently announced it had invested in the Peterborough-based online supplier of school wear to help fund 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, plus children’s outdoor gear retailer, Little Terra.

Since making an initial Investment in Ltd last month, Hubaco has secured stock and working capital to boost customer service.. Ltd also plans to improve sales via a franchised network to grow schools’ business and develop initiatives to increase its successful ‘direct to parent’ business.

Plans are under-way to develop a synergy between the school uniform business and Hubaco’s existing companies.

Andy Utting, the new MD of Ltd said: “We’re 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 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.

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