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Scottish & Newcastle goes national
UK's biggest brewer to buy Greenalls pubs
Sept 14, 1999 - Scottish & Newcastle, the United Kingdom's biggest brewer, plans to buy Greenalls Group pubs and restaurants, thus becoming a truly nationwide pub chain.
Scottish currently runs a 2,650-pub estate while Greenhalls has 821 pubs. Because it is legally prohibited from having a beer supply agreement with more than 2,739, 664 of its pubs will have to be freed from its tie or sold. As a result, Scottish will have a more geographically diverse estate of mostly larger pubs. Just over half the pubs Scottish will acquire are in Greenalls' heartland of north west England, and the rest in the Midlands and across the south of England. Scottish is strong in Scotland, northeast England and southern England. "This is the best opportunity in the pubs marketplace, and gives us a real opportunity in a real growth sector," said Scottish Chief Executive Brian Stewart. Scottish has 30% share of the British beer market and expects to increase sales of top-selling ale John Smith's and licensed lagers Foster's and Kronenbourg.
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