St Austell Brewery buys five Enterprise Inns pubs
St Austell Brewery has announced the acquisition of five pubs from Enterprise Inns.
The Cornish brewer has added the Albion in Bristol, the Blue Ball Inn in Exeter, the George Hotel in Plympton, the Rose & Crown in Yealmpton, near Plymouth, and the Cornish Arms in Tavistock, increasing its portfolio to 173 pubs across the South-west. The price of the pubs was not disclosed.
The deal follows a successful year for the company, which said that its sales had continued to rise, led by Tribute Ale.
Adam Luck, state director of St Austell Brewery, said: "The acquisition of five new pubs is an exciting addition to our portfolio. The purchases form part of the brewery's ongoing investment programme to develop our pub estate and our presence across the South-west of England.
"Bristol is a particularly exciting area for us. The Albion will be our first pub in the city and it's an area that presents a great opportunity to develop both our beer sales in the pub estate and the free trade business, following the appointment of an area sales manager in Bristol, earlier in the year."
All five pubs will continue to operate as leases with the existing lessees in place.
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By James Stagg
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