Kliro Capital Partners, a prominent family office investment company with extensive experience in the drinks industry, has successfully acquired 100% of the share capital of ICB (Intercontinental Brands Limited), the UK’s leading independent alcoholic drinks manufacturer. ICB holds a prominent position in the UK market, producing and distributing a wide range of alcoholic beverages such as Cactus Jack, Veroni Amaretto, V-Kat, Hawksbill Rum, Rozél Vodka, and Bella Apertini. With its rich history of collaborating with leading retailers and major international spirits companies, ICB manufactures over 2.5 million cases across nearly 400 SKUs and various formats each year.
Warren Scott, the Founder of Kliro Capital Partners, expressed his delight in completing the acquisition of ICB, highlighting it as a strong business backed by a competent leadership team. He also emphasized the significant potential for growth both within the UK and beyond. Aligning with the company’s values, Kliro Capital Partners is committed to working closely with the ICB team to enhance the company’s achievements in the drinks industry. This acquisition marks the first step in Kliro’s strategy to establish a leading group that supplies a diverse range of drinks products to UK retailers and third-party brand owners.
Kliro Capital Partners stands out as a family office investment company with a robust management board boasting extensive experience across multiple sectors, including the drinks industry. Following Warren Scott’s divestment from Quintessential Brands Group in July of last year, he and the Kliro team have been actively seeking an appropriate UK spirits business to invest in and support its organic growth and further acquisitions.
Warren Scott further explained how ICB serves as an exceptional platform for this new venture. Not only does ICB possess a strong track record, but it also boasts a talented team and an array of brands with significant growth potential. The collaboration between Kliro Capital Partners and ICB aims to build upon the company’s past achievements and establish a leading spirits group within the industry.
In addition to the acquisition, Kliro Capital Partners proudly announced the appointment of Simon Witham as the interim Managing Director of ICB. Witham brings extensive experience in high-level management and leadership roles across various industries, including his recent position as part of the senior executive team at Quintessential Brands Group.
Simon Witham expressed his enthusiasm in joining ICB at this pivotal moment in the company’s history. He acknowledges the substantial potential for growth and looks forward to working with the team to further enhance the company’s success.
By acquiring ICB, Kliro Capital Partners aims to consolidate its presence in the food manufacturing industry and leverage its established expertise to drive growth and innovation within the spirits market.
