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Synopsis
Supreme, a manufacturer, supplier, and brand owner of fast-moving consumer goods, completed the acquisition of Clearly Drinks, a UK manufacturer of specialised canned and bottled-at-source spring water and soft drinks, from NorthEdge Capital, a middle-market private equity firm, for £15m. “We are delighted to be acquiring Clearly, a high-quality manufacturer and brand owner of soft drinks, which I believe delivers a significant component of our broader diversification strategy. Our enlarged business is not only gaining a strong additional pillar, which fully aligns with our Vaping, Lighting, Batteries and Sports Nutrition & Wellness categories, but also a significant opportunity to develop and capitalise on further cross and upsell opportunities which our trusted reputation across the UK retail space facilitates," Sandy Chadha, Supreme CEO.
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