Updates

Supreme - Eps enhancing acquisition of Liberty Flights

July 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Supreme has acquired Liberty Flights, a UK vaping manufacturer best known for their Liberty Flights vaping brand and the market-leading Dot Pro device. It has paid an initial £7.75m with a further £2m deferred for one year plus an earnout based on future performance. Liberty Flights specialises in premium e-liquid and high-quality vaping devices, alongside distributing a large catalogue of global third-party e-liquid brands.The brand is sold largely through convenience retailers, either directly or via wholesalers. In the year to end January 2021 the business had sales of £9m and EBITDA of £1.5m so is eps enhancing from day one - before further obvious synergies from purchasing benefits and manufacturing efficiencies. In par ...

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