Acquisition of ISO2 Nutrition

RNS Number : 5778I

Real Good Food PLC

10 December 2015

 

For immediate release Thursday 10^th December 2015, 7a.m.

Real Good Food plc

("the Group" or "Real Good Food")

Acquisition of ISO2 Nutrition from Cre-8tive Health Ltd.

Real Good Food plc (AIM:RGD) announces the acquisition of the ISO2 Nutrition sports supplements brand ("the business") from the administrators of Cre-8tive Health Ltd. for a nominal amount.

ISO2 Nutrition has developed a range of bodybuilding supplements, whey protein and sports nutrition products and are now one of the leading suppliers within the sports supplements market.

Based in Swindon, the business will be integrated with Real Good Food's Garrett Ingredients business, with whom they have enjoyed a long standing relationship as a customer.

Pieter Totté, Executive Chairman, commented: "We are pleased to announce this acquisition, which is in line with our stated strategy of identifying and adding bolt-on businesses within our existing three pillars of cake decoration, premium bakery and in this instance food ingredients.

"Garrett's has a long established relationship with the business and this enables us to enter a new and interesting channel, adding product and portfolio diversification, which is a deliberate move, as we decrease Garrett's dependency on the dairy and sugar commodities markets."

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About Real Good Food plc

Real Good Food plc is a diversified food business serving a number of market sectors including retail, manufacturing, wholesale, foodservice and export. The Company focuses on three main markets: cake decoration (Renshaw, Rainbow Dust Colours), food ingredients (Garrett Ingredients and R&W Scott) and premium bakery (Haydens).

ENQUIRIES:

Real Good Food plc
Pieter Totté, Executive Chairman	Tel: [phone]
David Newman, Finance Director	Tel: [phone]
Andrew Brown, Marketing Director	Tel: [phone]
Shore Capital & Corporate (Nomad and Joint Broker)
Stephane Auton	Tel: [phone]
Patrick Castle
Daniel Stewart and Company Plc (Joint Broker)
Martin Lampshire	Tel: [phone]
Belvedere Communications (PR)
John West	Tel: [phone]
Kim van Beeck

 

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