Vaping specialist Supreme plc has announced the acquisition of a sports nutrition and supplements business for more than £1m.
The Manchester-based vaping, lighting and batteries group has snapped up the brands and stock of SCI-MX Nutrition Ltd in a deal which will be funded from the group’s existing cash resources.
The acquisition adds a number of long-established retail brands to the group’s growing sports nutrition and 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, Supreme has secured a 52,000 sq ft manufacturing and distribution facility one mile from its existing Trafford Park site.
Sandy Chadha, chief executive of Supreme, said: “We are delighted to have acquired these well-known brands, which provide a complementary fit with our existing and fast-growing sports nutrition and wellness product portfolio.
new source: business