12th Jul 2007 10:00
Marston's PLC12 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 totalconsideration of £19.2 million. Ringwood was established in 1978. Its brands include award winning beers suchas Ringwood Best Bitter, Old Thumper and Fortyniner. The business suppliesapproximately 700 customers, predominantly in the South of England. This transaction is consistent with Marston's strategy of developing a portfolioof well-established premium regional beer brands to complement the coreMarston's range led by Pedigree. It also fits well with Marston's recentpurchase of the Eldridge Pope estate and strengthens the Company's positionfurther in the South of England. Ringwood also owns seven high quality, freehold, traditional pubs which will beincorporated into the Marston's Pub Company estate. Marston's is committed to the acquired brewery which will continue to brew allRingwood brands as well as serve as a base for operations in the region. Commenting on the acquisition Alistair Darby, Managing Director of Marston'sBeer Company, said: "We are delighted to welcome Ringwood to Marston's. We planto develop its excellent brands as part of our strategy to meet consumer demandfor premium ales with local provenance and heritage. Our premium ale businesscontinues to deliver good, consistent growth and we look forward to replicatingthe success of the Jennings business through Ringwood in the South of England." ENQUIRIES: Marston's PLC Hudson SandlerRalph Findlay, Andrew Hayes/James WhiteChief Executive. Tel: 0207 796 4133Alistair Darby,MD, Marston's Beer Company.Tel: 01902 329516 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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