Burtonwood Buys Seven Pubs From S&N

Cheshire Based Pub Operator Boosts Tenanted Estate



Apr 30, 2001, 01:00 ET from Burtonwood Brewery plc

    CHESHIRE, England, April 30 /PRNewswire/ -- Burtonwood Brewery plc, the
 Cheshire-based independent pub company, has acquired seven tenanted pubs from
 Scottish and Newcastle for an undisclosed sum.
     The deal brings the total number of Burtonwood outlets, which are located
 mainly in the North West, Yorkshire, The Potteries, Leicester and the
 Midlands, to 484.
     Burtonwood is one of the few regional pub operators to consistently report
 year-on-year profit growth and the company expects that by adding quality
 outlets to its estate, it will continue this trend.
     Lynne D'Arcy, Burtonwood's managing director, said:  "We firmly believe in
 the long term future of quality, well run traditional tenanted pubs.
 Burtonwood has proved that good returns are out there if the formula is right.
     "This acquisition is the first step in our ambition to significantly boost
 the size of our estate.  But we're not looking for growth for growth's sake.
 We have strict selection criteria to ensure that any pubs we acquire are good
 businesses and fit in with the rest of our estate.  These S&N pubs are
 particularly attractive and represent a solid investment for Burtonwood."
     The pubs acquired from Scottish & Newcastle are The Angel, Grimsby;
 Original Keys, Driffield; In Tack Inn, Blackburn; The Ley Inn,
 Clayton-le-Wood, Cuckoo Birch, Mansfield; The White Lion, Matlock and the Mile
 Post in Harrogate.
     In a separate deal Burtonwood has sold one of its tenanted pubs, the
 Farmers Arms in Parbold, Lancashire, to Scottish & Newcastle.
 
     Note
     Burtonwood Brewery plc is based near Warrington, Cheshire. Founded in
 1867, Burtonwood is a leading independent pub operator with an estate of just
 under 500 pubs.
     To the half year ending 30 September 2000, Burtonwood reported a 16%
 increase in half-year pre-tax profits from 3,026,000 pounds sterling to
 3,519,000 pounds.  Turnover for the period, at 23,935,000 pounds, rose by 1%,
 but operating profit at 4,276,000 pounds (4,043,000 pounds) was up 6%.
 
 

SOURCE Burtonwood Brewery plc
    CHESHIRE, England, April 30 /PRNewswire/ -- Burtonwood Brewery plc, the
 Cheshire-based independent pub company, has acquired seven tenanted pubs from
 Scottish and Newcastle for an undisclosed sum.
     The deal brings the total number of Burtonwood outlets, which are located
 mainly in the North West, Yorkshire, The Potteries, Leicester and the
 Midlands, to 484.
     Burtonwood is one of the few regional pub operators to consistently report
 year-on-year profit growth and the company expects that by adding quality
 outlets to its estate, it will continue this trend.
     Lynne D'Arcy, Burtonwood's managing director, said:  "We firmly believe in
 the long term future of quality, well run traditional tenanted pubs.
 Burtonwood has proved that good returns are out there if the formula is right.
     "This acquisition is the first step in our ambition to significantly boost
 the size of our estate.  But we're not looking for growth for growth's sake.
 We have strict selection criteria to ensure that any pubs we acquire are good
 businesses and fit in with the rest of our estate.  These S&N pubs are
 particularly attractive and represent a solid investment for Burtonwood."
     The pubs acquired from Scottish & Newcastle are The Angel, Grimsby;
 Original Keys, Driffield; In Tack Inn, Blackburn; The Ley Inn,
 Clayton-le-Wood, Cuckoo Birch, Mansfield; The White Lion, Matlock and the Mile
 Post in Harrogate.
     In a separate deal Burtonwood has sold one of its tenanted pubs, the
 Farmers Arms in Parbold, Lancashire, to Scottish & Newcastle.
 
     Note
     Burtonwood Brewery plc is based near Warrington, Cheshire. Founded in
 1867, Burtonwood is a leading independent pub operator with an estate of just
 under 500 pubs.
     To the half year ending 30 September 2000, Burtonwood reported a 16%
 increase in half-year pre-tax profits from 3,026,000 pounds sterling to
 3,519,000 pounds.  Turnover for the period, at 23,935,000 pounds, rose by 1%,
 but operating profit at 4,276,000 pounds (4,043,000 pounds) was up 6%.
 
 SOURCE  Burtonwood Brewery plc