Intercontinental Brands (ICB), a UK-based independent alcoholic drinks manufacturer, has been acquired by Kliro Capital Partners, an investment company, securing 100% of the share capital.
ICB is a prominent UK-based company engaged in the production and distribution of alcoholic beverages. Their wide range of brands encompasses popular choices such as Apollo passionfruit liqueur, Cactus Jack, Veroni Amaretto, V-Kat, Hawksbill Rum, Rozél Vodka, and Bella Apertini. Annually, the company manufactures and delivers more than 2.5 million cases of alcoholic drinks, available in nearly 400 different stock-keeping units (SKUs) and various formats.
Warren Scott, Founder of Kliro Capital Partners, commented, “We are delighted to have completed the acquisition of ICB. 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 by 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 third-party brand owners,” he addded.
In July of the previous year, Kliro Capital Partners, a seasoned player in the beverage sector, decided to sell its stake in Quintessential Brands Group. Following this divestment, the team at Kliro has actively been searching for investment opportunities within the UK spirits industry. Their aim is to provide support, foster development, and facilitate organic growth and additional acquisitions for a spirits business in the UK.
Quintessential Brands boasts an impressive collection of brands, featuring renowned names such as Greenall’s gin, Ophir gin, Bloom gin, and The Dubliner Irish whiskey.
Simon Witham, whose recent positions formed part of the senior executive team at Quintessential Brands, will be joining ICB as interim managing director.
He said, “I am excited to be joining ICB at this important milestone in the company’s history. 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.”
