The celebrity foursome will play four mates who attend a bachelor party in Bali, but end up stranded at a cheap Spanish hotel due to a volcanic ash cloud. When real strip group the Wildboyz fail to appear for a hen party at the hotel, the boys must step up to the plate.
According to the official website, the show is "A hysterical tease from the beginning to its spectacular climax, lifting the lid on the world of celebrity, with audience participation, guaranteeing not a dry seat in the house."
Reid, who became widely known when he married Katie Price (aka Jordan) in 2010, said: "Well I will be living in the gym from now until we hit the road, I can't wait to get on tour and perform. What really impressed me with this show is how funny it is and a great opportunity to show off - my acting skills of course. It should be a great laugh."
Young added: "I really enjoy the buzz of a live audience and the hysteria we lads will generate on stage. No space for stage fright or nerves, just pure enjoyment."
Wildboyz will begin touring at Stevenage's Gordon Craig Theatre on 24 April 2012, subsequently visiting venues including Bradford, Leicester, Skegness, Colchester, Plymouth, Newcastle and Margate.