Supreme announced the acquisition of the trade and selected UK and European assets of SlimFast for a total cash consideration of 20.1 million pounds from Glanbia (GLB.L), a global nutrition and food company. SlimFast is a heritage weight management brand, known for its meal replacement shakes, bars, snacks, and weight loss plans.
Supreme believes that SlimFast is ideally placed to capitalise on the growing demand for GLP-1 products. For the year ended 31 December 2024, SlimFast's UK and European assets reported unaudited revenue of 25.5 million pounds and adjusted gross profit of 9.7 million pounds.
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