Marston's acquires Refresh UK

April 3, 2008: Marston's has taken more well-known beer brands under its wing with the acquisition of the Refresh UK business.

The group's beers include Wychwood Hobgoblin, Brakspear Bitter and Duchy Originals Organic Ale, but a big part of its business is distribution of bottled beers to supermarkets, pubs and export markets.

It also has partnership agreements with the likes of Wadworth, Innis & Gunn, Lowenbrau and Thatchers cider.

Refresh was established in 2000. In the year ending May 31, 2007, the business had a turnover of £24.9 million and generated earnings before interest and taxation of £1.1 million.

The acquisition is consistent with Marston's strategy of continuing to develop a portfolio of well-established premium beer brands to complement the core Marston's range led by Marston's Pedigree. It says it is committed to the continuing operation of the Wychwood Brewery in Witney.

Rupert Thompson, chief executive of Refresh UK plc, said: "Refresh has achieved a great deal in the eight years since it was founded. It is now the number three supplier of premium bottled ales to supermarkets, and Hobgoblin is one of the fastest growing premium ales in the UK.

"The next stage in the business's development was likely to involve a link-up with a larger partner or an acquisition. Marston's has shown a real commitment to building an exciting range of quality premium ales. I am confident that Marston's will provide a great home for Refresh, allowing its brands and people to develop further."

Alistair Darby, managing director of Marston's Beer Company, added: "We are delighted to welcome Refresh to Marston's. We plan to develop its excellent brands as part of our strategy to meet growing consumer demand for premium ales with strong provenance and heritage.

"Our premium ale business continues to deliver good, consistent growth and we look forward to repeating the success of the Jennings and Ringwood brands with the Refresh portfolio."