Potential Acquisition of Typhoo Tea
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Supreme (AIM: SUP), a leading manufacturer, supplier, and brand owner of fast-moving consumer goods, notes a recent announcement that Typhoo Tea Limited ("Typhoo Tea") has been placed into administration and the press speculation regarding Supreme as a potential purchaser of the Typhoo Tea business.
The Board of Supreme can confirm that it is currently participating in a process regarding the potential acquisition of Typhoo Tea.
Whilst discussions with the administrators are now at an advanced stage, there can be no certainty that the potential acquisition will be completed. No final terms of the potential acquisition have been agreed but the Company can however confirm that any potential offer would be funded by Supreme's existing bank facilities.
Further announcements will be made as and when appropriate.
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