Supreme PLC Acquisition of protein manufacturing assets
05 Janeiro 2024 - 4:00AM
RNS Non-Regulatory
TIDMSUP
Supreme PLC
05 January 2024
Reach
5 January 2024
Supreme plc
("Supreme" or the "Company" or the "Group")
Acquisition of protein manufacturing assets
Supreme plc (AIM: SUP) , a leading manufacturer, supplier and
brand owner of fast-moving consumer products is delighted to
announce the acquisition out of administration of the trade and
assets of FoodIQ UK Holdings Limited ("Food IQ"), the protein
manufacturer, for consideration of GBP175,000.
Principally, the acquisition provides Supreme with access to a
purpose-built, state-of-the-art, accredited, automated contract
manufacturing facility that opened only 18 months ago and cost
almost GBP1.2m to build. Supreme plans to keep the facility
operational from its site near London and expects that the facility
will increase Supreme's wellness manufacturing capacity by around
40%.
Sandy Chadha, Chief Executive Officer of Supreme, commented:
"We are delighted to have completed this acquisition, which
provides our fast-growing Sports Nutrition & Wellness division
with the manufacturing capacity required to meet growing demand. We
have used Food IQ in the past to manage capacity requirements in
our Sports Nutrition & Wellness division so are familiar with
their capability."
Enquiries:
Supreme plc via Vigo Consulting
Sandy Chadha, Chief Executive Officer
Suzanne Smith, Chief Finance Officer
Shore Capital (Nominated Adviser and Joint
Broker)
Mark Percy / David Coaten / Rachel Goldstein
- Corporate Advisory
Ben Canning - Corporate Broking +44 (0)20 7408 4090
Zeus (Joint Broker)
Jordan Warburton / Alex Campbell-Harris -
Investment Banking
Benjamin Robertson - Corporate Broking +44 (0)161 831 1512
Vigo Consulting (Financial Public Relations)
Jeremy Garcia / Kendall Hill
supreme@vigoconsulting.com +44 (0)20 7390 0230
About Supreme
Supreme supplies products across five categories; Batteries,
Lighting, Vaping, Sports Nutrition & Wellness, and Branded
Distribution. The Company's capabilities span from product
development and manufacturing through to its extensive retail
distribution network and direct to consumer capabilities. This
vertically integrated platform provides an excellent route to
market for well-known brands and products.
The Group has over 3,300 active business accounts with retail
customers who manage over 10,000 branded retail outlets. Customers
include B&M, Home Bargains, Poundland, Tesco, Sainsburys,
Morrisons, Amazon, The Range, Costcutter, Asda, Halfords, Iceland
and HM Prison & Probation Service.
In addition to distributing globally-recognised brands such as
Duracell, Energizer and Panasonic, and supplying lighting products
exclusively under the Energizer, Eveready, Black & Decker and
JCB licences across 45 countries, Supreme has also developed brands
in-house, most notably 88Vape and has a growing footprint in Sports
Nutrition and Wellness via its principal brands Sci-MX and Battle
Bites.
https://investors.supreme.co.uk/
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