Children's hosiery maker Pex has returned to UK ownership following a successful management buyout.

The company, previously owned by the Finland-based Vogue Group, was purchased by UK-based MBO, led by Pex general manager John Norton and senior chartered accountant Jim Kirkman.

Financial details of the deal were not disclosed.

Following the buyout, Norton has stepped into the role of managing director of Pex-Kids Ltd, heading a team comprising a national sales manager, six dedicated children's wear sales executives and eight customer support, administrative, warehouse and distribution personnel.

"The Pex brand name has a powerful presence on the UK high street with both independent retailers and consumers," Norton said.

"Our objective now is to consolidate and expand on our position within our core back-to-school and hosiery markets and increase our presence in the new clothing areas.

"I am extremely excited about the future and am proud to have bought the Pex name back into UK ownership."

Founded in Leicester in 1914, Pex is the UK's leading producer of children's socks and tights, as well as making a range of clothing, underwear, babywear, bibs and formalwear.