Clark Rubber has roots going back to 1946 and now has 60 stores nationally specialising in pools, foam and rubber products. Mr Malcolm turned the company into a franchise business in the 1990s which led Clark Rubber to grow quickly across Australia.

In the deal, a group comprising three investors, operating as CRG Operations Pty Ltd, acquired the Clark Rubber and Luxafoam group.

The Maddocks team on the matter was partner Greg Hipwell and senior associate Elizabeth Lilley with assistance from Scott Mannix, Katie McClelland, Shelley Einfeld and Anne Clement.

Greg said the deal drew on the firm’s long-time experience and expertise in the franchise sector and key acquisitions and divestments for founders and family-run companies.

'Chris and the Clark Rubber brand have been synonymous with success and best practice within the franchise sector for almost 30 years,' Greg said.

'We were delighted to assist Chris to realise his long term investment and at the same time transition the business to an experienced purchaser group with the skills and long-term vision to sustain and grow the retail network.'

Editor note:

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