Member Article

Blackburn-based Daniel Thwaites sells beer business to Marston for £25m

Blackburn-based Daniel Thwaites plc has sold its beer business to Marston plc for £25m plus working capital.

The sale includes the businesses that sell and wholesale beers, two brands of beer are also part of the transaction, Wainwright Golden Ale and Lancaster Bomber.

Approximately 150 employees will be transferring to Marston’s before the end of April.

Thwaites has retained ownership of its craft beers and cask ale brands.

Chief Executive of Daniel Thwaites, Richard Bailey said: “This is a very exciting development which allows us to focus on our pubs, inns and hotels, whilst retaining a small brewery to continue to supply our own properties with our fantastic beers and opening up a wider drinks range to our customers through a long term supply deal with Marston’s.

“We are delighted that our beer business will find a new home in a company that is as passionate about the quality of beer that we have always been and will provide ongoing employment for the vast majority of our employees affected.

“It is our intention to redeploy the proceeds into both our existing, and new properties and the sale of our third party beer business allows us to move forward with our strategy to provide superb hospitality in outstanding properties in great locations.”

This was posted in Bdaily's Members' News section by Sophia Taha .