Historic Bedford brewery sold for £55m

Mon, 12 Jun 2017 | BUSINESS SALE

The iconic Charles Wells Brewery is to sell off its Bedford operator Marston's in a £55 million deal.

The 141 year old business, which is the largest brewery in Bedford, announced the sale saying that the company will not focus on a new, smaller brewery in Bedford to supply its 200-strong pub chain.

Charles Wells Ltd chief executive, Justin Phillimore, said the deal provided opportunities for both companies: "After a detailed review of our strategy we had decided to rebalance the company more towards retail investment - and that meant finding a partner we could work with for the future".

Charles Wells has been operating in Bedford since 1876, with the Eagle brewery built in its centenary year. It produces more than 100 million litres of beer every year.

In the 1870s, Charles Wells arrived back in Bedford after twenty years at sea and fell in love with Josephine Grimbley. After settling down he took a risk and bought a brewery and thirty-two pubs at auction and, over the next 40 years, built a thriving business - increasing production from 3,229 barrels in 1876 to 26,000 in 1910.

The brewery remains a family business and continues to grow through business acquisitions across the UK.

The firm employs around 300 people, who will all transfer to Marston's.


Share this article



Latest Businesses for Sale

Recruitment Agency (Fast Sale)
North West, UK

Indicative offers are required by 12:00hours on Monday 20 January 2020 with a view to completion shortly thereafter. The proposed Joint Administrators are seeking parties interested in the business and assets of a Company that trades as a recruitment...

Asking Price: Offers Invited
Turnover: £2,400,000

LEASEHOLD


Commercial Contractor (Fast Sale)
Midlands, UK Wide

Offers and proof of funding sought by 17:00hours on Friday 24 January 2020. The Joint Administrators are seeking parties interested in the business and assets of a commercial contractor business based in the Midlands.

Asking Price: Offers Invited
Turnover: £3,400,000

Hospitality Industry Recruitment Specialist
UK Wide

Provides highly skilled and professional hospitality staff across a variety of sectors. Recognised as both a preferred and top tier supplier for several of its prestigious clients. Supplying both temporary and permanent Nationwide staffing solutions....

Asking Price: Offers Invited
Turnover: £3,500,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
17
 
Jan
 

Sample book and shade card manufacturer acquired from administration | BUSINESS SALE

The business and assets of Yorkshire-based display products ...

 
16
 
Jan
 

Northgate and Redde shareholders approve merger | MERGER

The proposed merger of listed companies Northgate and Redde ...

 
15
 
Jan
 

SSE sells retail business to OVO Energy | DIVISION SALE

Power utility SSE has announced it has completed the sale of...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
25
 
Oct
 

Fuller’s acquires five London pubs | BUSINESS SALE

Fuller, Smith & Turner has announced a strategic acquisition...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources