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Hancock & Gore Limited ( (AU:HNG) ) has shared an update.
Hancock & Gore Limited has finalized the acquisition of Trutex Group, a strategic move to reposition itself as a global leader in the school uniform industry. This acquisition, fully funded by the realization of investment assets, is expected to be immediately earnings per share accretive in FY26 and will help the company achieve a pro-forma revenue of $200 million and $25 million EBITDA. The company plans to change its name to Schoolblazer Limited, reflecting its focus on schoolwear operations. The acquisition enhances the company’s scale, management depth, and global reach, with the leadership team seeing a transition as Tim James takes on the role of Executive Chairman of the newly formed Schoolblazer Group.
More about Hancock & Gore Limited
Hancock & Gore Limited, soon to be renamed Schoolblazer Limited, operates in the global school uniform industry. It focuses on providing schoolwear through its brands Schoolblazer UK, Mountcastle, and the newly acquired Trutex Group, with a market presence in regions including the Middle East, Canada, Europe, and China.
Average Trading Volume: 257,148
Technical Sentiment Signal: Sell
Current Market Cap: A$135.6M
For detailed information about HNG stock, go to TipRanks’ Stock Analysis page.