UK: Scottish & Newcastle's business in the UK has now received full acceptance of its offer to purchase the assets of the Northern Club Federation Brewery (NCFB) by the 303 members of NCFB, Scottish & Newcastle announced on June 14. This follows S&N's successful acquisition of the NCFB brewery in Dunston in April 2004. The assets to be acquired in a deal worth Ј16.2 million, include the brands, wholesaling business, tied estate and distribution assets.
S&N plans to move its Tyne brewing operations to the NCFB site to form a combined business in the North East of England by March 2005. The acquisition is expected to complete in early July and is dependent on the necessary OFT clearance and FSA registration.
16 June, 2004
