Marston's PLC
12 July 2007
12 July 2007
Marston's PLC
Acquisition of Ringwood Brewery Limited ('Ringwood')
Marston's announces that it has acquired Ringwood Brewery Limited for a total
consideration of £19.2 million.
Ringwood was established in 1978. Its brands include award winning beers such
as Ringwood Best Bitter, Old Thumper and Fortyniner. The business supplies
approximately 700 customers, predominantly in the South of England.
This transaction is consistent with Marston's strategy of developing a portfolio
of well-established premium regional beer brands to complement the core
Marston's range led by Pedigree. It also fits well with Marston's recent
purchase of the Eldridge Pope estate and strengthens the Company's position
further in the South of England.
Ringwood also owns seven high quality, freehold, traditional pubs which will be
incorporated into the Marston's Pub Company estate.
Marston's is committed to the acquired brewery which will continue to brew all
Ringwood brands as well as serve as a base for operations in the region.
Commenting on the acquisition Alistair Darby, Managing Director of Marston's
Beer Company, said: 'We are delighted to welcome Ringwood to Marston's. We plan
to develop its excellent brands as part of our strategy to meet consumer demand
for premium ales with local provenance and heritage. Our premium ale business
continues to deliver good, consistent growth and we look forward to replicating
the success of the Jennings business through Ringwood in the South of England.'
ENQUIRIES:
Marston's PLC Hudson Sandler
Ralph Findlay, Andrew Hayes/James White
Chief Executive. Tel: 0207 796 4133
Alistair Darby,
MD, Marston's Beer Company.
Tel: 01902 329516
This information is provided by RNS
The company news service from the London Stock Exchange
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