Supreme PLC - Manchester-based consumer products manufacturer and supplier - Acquires the trade and assets of protein manufacturer FoodIQ UK Holdings Ltd out of administration for GBP175,000. Says the acquisition provides it with access to a "purpose-built, state-of-the-art, accredited, automated contract manufacturing facility that opened only 18 months ago and cost almost GBP1.2 million to build". Supreme plans to keep the facility operational from its site near London and expects that the facility will increase Supreme's wellness manufacturing capacity by around 40%. Chief Executive Officer Sandy Chadha says: "We are delighted to have completed this acquisition, which provides our fast-growing Sports Nutrition & Wellness division with the manufacturing capacity required to meet growing demand. We have used Food IQ in the past to manage capacity requirements in our Sports Nutrition & Wellness division so are familiar with their capability."

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By Greg Rosenvinge, Alliance News senior reporter

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