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Trutex buy-out
Lancashire school uniform supplier announces management buy-out.

By Laura Turner

10 February 2015

The senior management team of Clitheroe school uniform specialist Trutex has concluded a management buy-out of the business.

Trutex was previously bought by Leeds Private Equity investor Endless LLP in 2010. The business has enjoyed a period of significant growth and development over the last five years, restructuring its operations and investing in several new areas including an increasingly successful performance sportswear brand, AKOA.  
 
Commenting on the announcement, Trutex managing director Matthew Easter says, “Trutex has come a long way since Endless invested in the company in 2010, and it has supported us throughout its transition to the business that it has evolved into today. However, as a management team, we are keen to continue driving the business forward into its next phase, and were able to conclude the acquisition from Endless, leaving us in a stronger financial position to further the future strategy.”
 
 
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