Supreme PLC Acquisition of brands of SCI-MX Limited (7529D)
01 Julio 2021 - 1:00AM
UK Regulatory
TIDMSUP
RNS Number : 7529D
Supreme PLC
01 July 2021
1 July 2021
Supreme plc
("Supreme," the "Company" or the "Group")
Acquisition of brands of SCI-MX Limited
Supreme (AIM:SUP), a leading manufacturer, supplier, and brand
owner of fast-moving consumer products, is pleased to announce the
acquisition of the brands of SCI-MX Nutrition Limited, a leading
sports nutrition and supplements business (the "Acquisition").
As part of the Acquisition, Supreme has purchased GBP1.3 million
of stock of SCI-MX and PRO2GO products. The Acquisition will be
funded from the Group's existing cash resources.
The Acquisition adds a number of leading and long-established
retail brands to the Group's growing Sports Nutrition &
Wellness category across protein powders and supplements. It will
also enable Supreme to leverage the SCI-MX and PRO2GO brands to
grow existing relationships with retailers, as well as cross-sell
these brands into Supreme's significant client base and through the
Group's online platform.
In addition, to support the ongoing strong growth in its Sports
Nutrition segment, Supreme has secured a 52,000 sq ft manufacturing
and distribution facility one mile from its existing Trafford Park
site.
Sandy Chadha, Chief Executive Officer of Supreme, commented:
"We are delighted to have acquired these well-known brands,
which provide a complementary fit with our existing and
fast-growing Sports Nutrition & Wellness product portfolio. The
Acquisition not only broadens our product offering and delivers
further scale to this segment, but also leaves us ideally placed to
create additional sales traction across our extensive retail
footprint in what is becoming an ever more important category for
the Group."
The information contained within this announcement is deemed to
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Enquiries:
Supreme plc via Vigo Consulting
Sandy Chadha, Chief Executive Officer
Suzanne Smith, Chief Finance Officer
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett / Samantha Harrison / Harrison
Clarke +44 (0)20 7383 5100
Berenberg (B roker )
Chris Bowman / Mark Whitmore / Jen Clarke +44 (0)20 3207 7800
Vigo Consulting (Financial Public Relations)
Jeremy Garcia / Antonia Pollock
supreme@vigoconsulting.com +44 (0)20 7390 0230
About Supreme
Supreme supplies products across five key categories; batteries,
lighting, vaping, sports nutrition & wellness, and branded
household consumer goods. 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, The Range, Sports
Direct, Londis, SPAR, 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 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.
www.investors.supreme.co.uk
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