2 December 2024 - acquisition
Following our latest comment last week. the company has confirmed that it has acquired Typhoo Tea from the administrators for £10.2m. The deal comes with stock and debtors worth £7.5m so the acquisition is effectively costing £2.7m. In the year to 30 September 2024, Typhoo generated sales of £20m although it made a pre-tax loss of £4.6m. The additional revenue will reduce the group's exposure to the vaping market whilst there will be considerable cross-selling opportunities with both Supreme's 3,000 active accounts with the acquisition also bringing . . .
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