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.
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...
FREEHOLD
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...
FREEHOLD
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...
LEASEHOLD
|
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...
Sign up to receive our acquisition alert emails to get your FREE guide
|
25
|
|
Oct
|
Fuller’s acquires five London pubs | BUSINESS SALE
Fuller, Smith & Turner has announced a strategic acquisition...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources