Charles Russell Speechlys advises Rockpool Investments on the buy-in management buyout of Wearwell
Charles Russell Speechlys has advised Rockpool Investments on the recent buy-in management buyout of work wear provider, Wearwell. Established in 1939, Wearwell supplies a variety of industries with work wear, ranging from chefs’ whites through to lab coats and boiler suits. Rockpool has invested £5m in the transaction and this is Rockpool’s 11th deal of the year, increasing total capital invested to £60m.
This acquisition will see Richard Wright, former vice president of international work wear business Kwintet, team up with Rockpool to become chief executive of Wearwell. Mr Wright said: “Having been in the workwear industry for many years, I am thrilled to be part of taking the Wearwell brand into its next stage of development. The team and I are excited about our plans for the brand’s future and we are looking forward to realising these with Rockpool’s support.”