Supreme, a London-listed FMCG group, is acquiring SlimFast in the UK and Europe to tap into the growing demand for GLP-1 weight-loss products. The deal with Glanbia is for around £27m, including a deferred consideration of $9m. SlimFast’s UK and European assets generated revenue of £25.5m in 2024. Supreme plans to expand SlimFast into new markets but excluding the Americas, Australasia, the Caribbean, and the Philippines. The acquisition complements Supreme’s existing drinks and wellness category. The company’s shares rose 6% to 167p in London trading.

Supreme’s revenue from drinks and wellness products doubled to £48.8m in the last fiscal year. The group’s revenue increased 4% to £231.1m, with adjusted EBITDA rising 6% to £40.5m. Profit before tax grew 3% to £30.9m, with EPS up 5% at 20.1p. Supreme’s robust M&A pipeline offers opportunities across various product categories and markets. The company continues to see good momentum in the first half of the current financial year.

Read more at Yahoo Finance: Supreme bets on GLP-1 users with SlimFast acquisition