Elaghmore successfully sold Trutex Limited to Hancock & Gore Limited for £12.5 million, enhancing H&G's position in the school wear market.

Information on the Target

Trutex Limited, a distinguished school wear producer in the UK, boasts a legacy of over 150 years in the industry. Headquartered in Clitheroe, Lancashire, Trutex has established a notable global presence, with its brand recognized in various international markets including the Middle East, Canada, Europe, and China. Under the leadership of CEO Matthew Easter, Trutex has become synonymous with quality school uniforms, contributing significantly to the school wear sector.

Recently, Trutex was acquired by Hancock & Gore Limited in a transaction valued at £12.5 million. This acquisition marks a strategic addition to H&G's portfolio, which includes well-known brands such as Schoolblazer UK and Mountcastle. As part of the new Schoolblazer Group, these companies aim to solidify their position as leading providers in the school wear market.

Industry Overview in the UK

The school wear industry in the UK has experienced a transformative phase, characterized by increasing demand for quality and sustainable school uniforms. With parents