RCS - Supreme PLC - Acquisition of protein manufacturing assets

SupremeAnnouncement

05/01/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240105:nRSE7250Ya&default-theme=true

RNS Number : 7250Y  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 £175,000.

 

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 £1.2m 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)                  +44 (0)20 7408 4090

 Mark Percy / David Coaten / Rachel Goldstein - Corporate Advisory

 Ben Canning - Corporate Broking

 Zeus (Joint Broker)                                                 +44 (0)161 831 1512

 Jordan Warburton / Alex Campbell-Harris - Investment Banking

 Benjamin Robertson - Corporate Broking

 Vigo Consulting (Financial Public Relations)                        +44 (0)20 7390 0230

 Jeremy Garcia / Kendall Hill

 supreme@vigoconsulting.com

 

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/
(https://url.avanan.click/v2/___https:/investors.supreme.co.uk/___.YXAxZTpzaG9yZWNhcDphOm86MGY4MjE2NDg1ZDEzMTkxNDcxYTg0ZDM2YmVjYTllYTc6NjoyNDc2OjI0M2E5MTg0ZDVmZWNiMGJlZmJiMDkwZjE1ZTgzYjg3N2MzZTI4M2I1MjAyM2MzNGIyMTI4Y2QwMjZiYjk5MWI6cDpU)

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAFFFFVLIISIIS