The deal, which is still subject to shareholder and competition approval, will see the creation of a new joint venture, Carlsberg Marston’s Brewing Company, with Carlsberg owning 60% and Marston’s PLC 40%.
The new company will have assets including Carlsberg UK’s Northampton brewery, London Fields brewery, and national distribution centre; and Marston’s six breweries – Marston’s, Banks’s, Wychwood, Jennings, Ringwood and Eagle – as well as its 11 distribution depots.
Although the deal does not include Marston’s portfolio of 1400 pubs, the new business will supply its brands to the estate “through a strategic, long-term supply and distribution agreement”.
Current Carlsberg UK managing director, Tomasz Blawat, will be appointed chief executive of the new company with Marston’s chief executive Ralph Findlay a non-executive chairman.
Richard Westwood, currently managing director of Marston’s Beer Company, will become chief operating officer, integration, of Carlsberg Marston’s Brewing Company.