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London - British pubs and brewery group Marston's said on Tuesday it had agreed to buy the beer division of north west England-based Thwaites for £25m (the equivalent of R452m.)
Marston's, which has an estate of around 1,700 pubs and also brews ales such as Pedigree and Hobgoblin, said the acquisition included a 150 strong workforce and Thwaites' two leading premium brands, Wainwright and Lancaster Bomber ales.
Marston's chief executive Ralph Findlay said: "We're acquiring a very high quality business with good people and brands and with growth potential.
Marston's had been brewing Thwaites' beers since early 2014. As part of the acquisition it said it had entered into a long-term exclusive agreement to supply all beer, wine, spirits and minerals to Thwaites' pub estate.
