Kliro Capital Partners, a family office investment company with extensive experience in the drinks industry, has announced that it has acquired 100 per cent of the share capital of the UK’s leading independent alcoholic drinks manufacturer ICB (Intercontinental Brands Limited).
ICB is a leading UK producer and distributor of alcoholic drinks with brands including Cactus Jack, Veroni Amaretto, V-Kat, Hawksbill Rum, Rozél Vodka, and Bella Apertini. The company has a long history of collaborating with leading retailers and major international spirits companies, producing over 2.5m cases across nearly 400 SKUs and various formats each year.
“We are delighted to have completed the acquisition of ICB,” said said Warren Scott, Founder of Kliro Capital Partners. “It is a good business with a strong leadership team and we believe that there is significant potential for growth both in the UK and beyond. We are committed to working closely with the ICB team to maximise the company’s potential through driving the pursuit of excellence in the drinks industry. This is the first step in our strategy to create a leading group supplying a diverse range of drinks products to UK retailers and 3rd party brand owners.”
Kliro Capital Partners is a family office investment company with a strong management board who have extensive experience in a number of sectors including the drinks industry. Having divested his interest in Quintessential Brands Group in July last year, Warren and the Kliro team have been looking to invest in an appropriate UK sprits business to support, develop and grow both organically and through further acquisition.
“We believe that ICB is a tremendous platform to embark upon this new venture. The company has a strong track record, a talented team, and a portfolio of brands that we believe has significant potential for growth. We are excited to be working with the ICB team to build on the company’s success and create a leading spirits group,” Scott added.
In addition to the acquisition, Kliro Capital Partners also announced that Simon Witham will be joining ICB as interim Managing Director. Witham has extensive experience in high-level management and leadership roles within the commercial and general management function across various industries, with his most recent position forming part of the senior executive team at Quintessential Brands Group.
“I am excited to be joining ICB at this important milestone in the company’s history,” said Witham. “I believe that there is significant potential for growth, and I look forward to working with the team to build on the company’s success.”