UK: Marston's acquires Ringwood Brewery Limited for £19.2 million

Marston's announces that it has acquired Ringwood Brewery Limited for a total consideration of £19.2 million, according to Marton’s press release, July 12.

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."

13 July, 2007