SUP Supreme Plc

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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January 05, 2024 02:00 ET (07:00 GMT)

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