We are excited to announce that Kliro Capital Partners has acquired 100% of the share capital of ICB.
Kliro Capital Partners is a family office investment company with a team that between them have over 100 years’ experience in the drinks industry. Acquiring ICB is its first step to create a leading group supplying a diverse range of drinks products to UK retailers and 3rd party brand owners.
“We are delighted to have completed the acquisition of ICB,” 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.”
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,” said Scott. “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.”
In addition to the acquisition, Kliro Capital Partners also announce that Simon Witham will be joining ICB as 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.”
For further details see www.klirocapital.com