Greene King buys Ridley & Sons for £45.6m

04 July 2005
Greene King buys Ridley & Sons for £45.6m

Greene King (GK) has bought brewer and pub company Ridley & Sons for £45.6m.

The deal sees GK add 71 freehold tenanted pubs and two leasehold pubs to its rapidly expanding empire.

Included in the transaction is the Hartford End brewery in Chelmsford, Essex, and a distribution centre in Ipswich.

Nicholas Ridley, chairman of Ridley's, said: "We view Greene King as the best owner to develop our business for the future."

Greene King said the pubs, predominately in Essex, would complement its current estate of 2,064 pubs.

But consumer group the Campaign for Real Ale (Camra) attacked GK's the deal, which will see the Hartford End brewery closed.

Camra wants the Government to reinstate legislation to force brewers with more than 2,000 pubs to allow their tenants to take a guest beer from a supplier of their choice.

A spokesman said: "Takeovers rarely lead to benefits for consumers and invariably lead to erosion of consumer choice and breweries close and beers are axed."

Buy this week's Caterer magazine for more industry news and analysis

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking