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

Bearings, Power Transmissions & Motion Transfer Linkages Manufacturer
UK Wide

Highly respected brand within core operational sectors, with almost 30 years of successful trading. Predominantly works with OEMs and MRO distributors, producing a wide range of bespoke components, as well as an ‘off the shelf’ catalogue range. Offer...

Asking Price: Offers Invited
Turnover: £7,000,000

FREEHOLD


Village Bakery & Shop
Leicestershire, UK Wide

The business is split into two parts, The Village Bakery, which bakes bread, cobs, rolls, cakes, sausage rolls, pasties, pies etc and sells them retail through The Bakers Shop and wholesale to companies in the local area. The Bakers Shop has many reg...

Asking Price: £280,000
Turnover: £304,000

FREEHOLD


Signs Designer, Manufacturer & Installation
Cheshire, UK Wide

A well-established and respected name within the industry and are designers, manufacturers and installers of shop and factory signs as well as vehicle graphics, exhibition material, flags and flagpoles, labels, CNC machining, Flat bed and roll to rol...

Asking Price: £259,950
Turnover: £550,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
20
 
Aug
 

EAG construction business snapped up by Elaghmore | BUSINESS SALE

English Architectural Glazing Limited (EAG) has been snapped...

 
19
 
Aug
 

Childcare entrepreneur boosts portfolio with Liverpool acquisition | BUSINESS SALE

The Griffin Nursery, a children’s day nursery in Bootl...

 
15
 
Aug
 

Payroll and HR companies acquired by software group | BUSINESS SALE

IRIS Software Group has finalised the agreement of intent to...

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