Supreme buys white label soft drinks business off NorthEdge for £15m
Consumer goods distributor Supreme has bought Clearly Drinks from private equity investor NorthEdge for £15m.
The manufacturer of brands including Perfectly Clear, Northumbria Spring and Revolution Waves currently services up to 70 retail customers including Waitrose, Aldi, Tesco, Sainsbury's, and Farm Foods with own label brands.
NorthEdge invested in Clearly Drinks in 2017, backing the management team in a buyout.
AIM-listed Supreme has paid five times EBITDA for the Sunderland-based business which is also a contract manuf... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
