E-Malt.com News article: 2954

UK: Following regulatory approval, Scottish & Newcastle's business in the UK (Scottish Courage) has now completed the purchase of the remaining assets of the Northern Club Federation Brewery (NCFB), Scottish & Newcastle announced on July 14. This follows S&N's successful acquisition of the NCFB brewery in Dunston in April 2004 and announcement of the closure of the Tyne Brewery. The NCFB assets were acquired for a total consideration of £16.2m payable in cash, and include the brands, wholesaling business, tied estate and distribution assets.

S&N plans to move its Tyne brewing operations to the NCFB site to form a combined business in the North East of England by March 2005. As previously announced, the purchase of the NCFB assets is expected to contribute annualised benefits of around £10m from 2005.

A full integration programme will now be put in place as the NCFB business is combined with the existing Scottish Courage business.


16 July, 2004