Direct Corporate Clothing PLC (DCC), the UK’s renowned supplier of corporate clothing, technical workwear and personal protective equipment, announced its acquisition of Incorporatewear Ltd, a founding PCIAW® member.
Direct Corporate Clothing is recognised by the London Stock Exchange as a Top 1000 company, inspiring innovation across Britain. DCC currently has revenue in excess of £40 million, servicing clients in the construction, utilities, transport, facility management, hospitality, retail and healthcare sectors.
This acquisition will increase the group’s total revenues to approximately £90 million, with total control of sourcing fabrics/components, design and technical, garment production, and end supply to the user. DCC companies span across the world and include offices in Hong Kong and China, with production factories in Sri Lanka and warehousing and distribution in the UK. This makes DCC the largest private independently-owned specialist workwear, uniforms and PPE provider in the UK, offering a truly bespoke personal service. Direct Corporate Clothing has crafted a legacy of expert workwear with significant blue-chip companies such as BT, Openreach, and Kier Group, among others.
As one of the key players in the corporatewear market, DCC operates with a well-developed and highly specialised supply chain and a vertically integrated business model to carry out operations across the country. DCC’s Birmingham warehouse boasts an impressive 72,000 ft2 and was purpose-built to accommodate their sustainable production of high-end corporate clothing. Whilst supplying some of the UK’s top branded workwear, DCC has refined a legacy of designing and manufacturing bespoke garments across a range of client’s needs.
Incorporatewear is a multiple award-winning corporatewear and uniform company based in Coleshill, with expertise in designing bespoke corporate clothing solutions to clients across the world. The Incorporatewear team consists of cutting-edge designers and forward-thinking innovators who provide unique business insights and bespoke, client-oriented solutions. Formerly owned by the renowned £38 billion Wesfarmers Group in Australia, whose subsidiaries include Workwear Group, Incorporatewear caters to some of the world’s largest and most prestigious brands, servicing an excess of 350,000 wearers around the world. Incorporatewear benefits from over 100 years of combined experience in responding to market demand. The company has created a distinction for pioneering leading practical corporatewear with optimal comfort and commercial practicality. The experience and forward-thinking nature of Incorporatewear drew the attention of Direct Corporate Clothing, whose synergies create a compatible partnership to develop both brands. Together, they can progress new innovations now that the might of Incorporatewear joins DCC.
Sam Sohal, Joint Managing Director, Direct Corporate Clothing, stated: “We’re proud to be announcing the acquisition of Incorporatewear as the acquisition will further strengthen our current client base and add new sectors which complement each company’s supply chain and service offering. The two companies will operate independently but will share best practice to enhance their overall product offerings. We are pleased that the current senior management team will remain with Incorporatewear and will continue under the leadership of Ed Grigg.”
Ed Grigg, General Manager at Incorporatewear and PCIAW® Founding Board Director, added: “These are exciting times in the next chapter of the ICW story. The combination of two such recognised brands in the industry will provide great opportunities for our existing and new customers, whilst allowing us to continue to deliver on our strategic objectives.”
DCC was advised by KPMG and Gowling WLG. Workwear Group was advised by Deloitte and Addleshaw Goddard.
Taj Lalli, Director at KPMG, commented: “Incorporatewear is a great addition to DCC as it will boost the company’s expertise and offering in the corporate clothing and uniform marketplace. It’s a real boom for the region to see two leading businesses within the corporate clothing sector join forces. Despite the challenges of the last 12 months, there’s real appetite for high-quality businesses with a sustainable future, and this is a great example. The transaction highlights the value of strategic M&A in the current environment. Activity in the sector is set to continue and, along with the broader market, we expect to see significant activity throughout 2021.”
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