28 November 2024
Supreme
plc
("Supreme" or the
"Company" or the
"Group")
Potential acquisition of
Typhoo Tea
Supreme (AIM: SUP), a leading
manufacturer, supplier, and brand owner of fast-moving consumer
goods, notes a recent announcement that Typhoo Tea Limited ("Typhoo
Tea") has been placed into administration and the press speculation regarding Supreme as a potential
purchaser of the Typhoo Tea business.
The Board of Supreme can confirm
that it is currently participating in a process regarding the
potential acquisition of Typhoo Tea.
Whilst discussions with the
administrators are now at an advanced stage, there can be no
certainty that the potential acquisition will be completed. No
final terms of the potential acquisition have been agreed but the
Company can however confirm that any potential offer would be
funded by Supreme's existing bank facilities.
Further announcements will be made
as and when appropriate.
Enquiries:
|
Supreme plc
Sandy Chadha, Chief Executive
Officer
Suzanne Smith, Chief Finance
Officer
|
via Vigo Consulting
|
|
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 / Anna
Stacey
supreme@vigoconsulting.com
|
+44 (0)20 7390 0230
|
About Supreme
Supreme supplies products across six
categories; Batteries, Lighting, Vaping, Sports Nutrition and
Wellness, Branded Distribution and Soft Drinks. 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 3,000 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, Waitrose, Aldi 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, has a growing footprint in Sports Nutrition and Wellness
via its principal brands Sci-MX and Battle Bites, and has recently
expanded into the soft drinks market with the acquisition of
Clearly Drinks, adding established brands such as Perfectly Clear
and Northumbria Spring to its portfolio.
https://investors.supreme.co.uk/
