Marston's plc

In 1834, John Marston established J. Marston & Son at the Horninglow Brewery in Burton upon Trent.{{Cite book |last=Oliver |first=Garrett |url=https://books.google.com/books?id=gYVLHMmplRcC&pg=PA573 |title=The Oxford Companion to Beer |publisher=Oxford University Press |year=2011 |isbn=978-0-19-536713-3 |page=573}} By 1861, the brewery produced 3,000 barrels a year.{{Cite book |last1=Lesley Richmond |url=https://books.google.com/books?id=NB8NAQAAIAAJ&pg=PA228 |title=The Brewing Industry: A Guide to Historical Records |last2=Alison Turton |publisher=Manchester University Press |year=1990 |isbn=978-0-7190-3032-1 |page=228}} In 1890, Marston & Son Ltd was registered as a limited liability company. In 1898 Marston's amalgamated with John Thompson & Son Ltd and moved to Albion Brewery on Shobnall Road, which the company still operates. By this time the brewery had a capacity of 100,000 barrels a year. It was at this time that the Burton Union System began to be used. In 1905, the company merged with Sydney Evershed to form Marston, Thompson & Evershed.

Banks & Co has been brewing at the Park Brewery in Wolverhampton since 1875.{{Cite web|url=https://www.marstons.co.uk/|archive-url=https://web.archive.org/web/20110413055924/http://www.marstonsbeercompany.co.uk/our_brands/bankss/bankss.asp|url-status=dead|title=Marston's PLC|archive-date=13 April 2011|website=www.marstons.co.uk}} In 1890 Banks became Wolverhampton & Dudley Breweries when the company amalgamated with George Thompson & Sons and Charles Colonel Smith's Brewery.{{Cite web|url=http://www.marstons.co.uk/about/our_history.asp|archive-url=https://web.archive.org/web/20090913014320/http://www.marstons.co.uk/about/our_history.asp|url-status=dead|title=Marston's History & Heritage|archive-date=13 September 2009}} In 1943 Wolverhampton & Dudley Breweries took over Julia Hanson & Sons, with 200 pubs.{{Cite web |date=19 April 2007 |title=Hanson's – a strong link with the past |url=http://www.blackcountrybugle.co.uk/HANSONS-STRONG-LINK-PAST/story-20142209-detail/story.html |url-status=dead |archive-url=https://web.archive.org/web/20140222025433/http://www.blackcountrybugle.co.uk/HANSONS-STRONG-LINK-PAST/story-20142209-detail/story.html |archive-date=22 February 2014 |access-date=22 March 2014 |df=dmy-all}} It was first listed on the London Stock Exchange in 1947. It acquired Camerons Brewery in Hartlepool in 1992 and sold it to Castle Eden in 2002, whilst retaining some of Cameron's tied pubs.[http://www.thenorthernecho.co.uk/archive/2002/07/15/The+North+East+Archive/7066873.End_of_an_era_at_Castle_Eden/ End of an era at Castle Eden] Northern Echo, 15 July 2002

In 1999, Wolverhampton & Dudley Breweries purchased Marston, Thompson & Evershed, and in the same year took over the Mansfield Brewery of Nottinghamshire and closed it down, transferring production of Mansfield beers to the Park Brewery.{{Cite web|url=http://www.marstons.co.uk/about/Heritage.aspx|archive-url=https://web.archive.org/web/20140206030210/http://www.marstons.co.uk/about/Heritage.aspx|url-status=dead|title=History & Heritage | Marston's PLC|archive-date=6 February 2014}} In 2005, Marston's Brewery took over production under licence from Interbrew of Draught Bass, succeeding Coors.{{Cite book |last=Webster |first=Ian |url=https://books.google.com/books?id=WiNIDwAAQBAJ&pg=PT80 |title=Brewing in Burton-upon-Trent |date=2018-01-15 |publisher=Amberley Publishing Limited |isbn=978-1-4456-7055-3 |page=80 |language=en}} Later in 2005, the Jennings Brewery of Cockermouth was purchased and in 2007 Hampshire-based Ringwood Brewery, which was established in 1978, and brews Best Bitter, Fortyniner, and Old Thumper, was acquired.{{Cite web|url=http://www.camra.org.uk/page.aspx?o=249565|archive-url=https://web.archive.org/web/20070803173517/http://www.camra.org.uk/page.aspx?o=249565|url-status=dead|title=CAMRA fears "domino effect" following purchase of Ringwood by Marston's|archive-date=3 August 2007}} In 2007, the company changed its name from Wolverhampton & Dudley Breweries plc to Marston's plc.{{Cite web|url=http://www.marstons.co.uk/news/articles/changeofname.asp|archive-url=https://web.archive.org/web/20070929102851/http://www.marstons.co.uk/news/articles/changeofname.asp|url-status=dead|title=Marston's: Change of Name|archive-date=29 September 2007}}

In late 2013, there was some controversy when it was announced that Marston's would sell some 200 pubs to new company New River Retail. The fear was that many would close and be turned into convenience stores.{{Cite web |date=28 November 2013 |title=NewRiver Retail swallows 200 pubs to turn into convenience stores |url=http://www.proactiveinvestors.co.uk/companies/news/63667/newriver-retail-swallows-200-pubs-to-turn-into-convenience-stores-63667.html |access-date=31 January 2016 |website=Proactiveinvestors UK}} In 2014, the company took over production of most Thwaites beers. On 31 March 2015, it was announced the company was buying the bulk of Thwaites beer supply business outright and the top two brands Wainwright and Lancaster Bomber for around £25m.{{Cite news |title=Marston's buys Thwaites brewing arm in £25.1m deal |work=BBC News |date=31 March 2015 |url=https://www.bbc.co.uk/news/uk-england-lancashire-32136188 |access-date=31 January 2016 }}

In May 2017, Marston's announced further expansion with the acquisition of Charles Wells's Eagle Brewery in Bedford. This gave Marston's ownership of the Bombardier, Courage and McEwan's ale brands, and the global licence for Young's beers.{{Cite news |date=18 May 2017 |title=Real ale brewery sold to pub giant |work=BBC News |url=https://www.bbc.com/news/uk-england-beds-bucks-herts-39959394 |access-date=16 June 2019 }}

In February 2020, Marston's signed a five-year extension to its distribution deal with Japanese beer maker Kirin.{{Cite web |last=Stone |first=Stuart |title=Five-year extension to Marston's distribution deal with Kirin |url=https://www.morningadvertiser.co.uk/Article/2020/02/13/Five-year-extension-to-Marston-s-distribution-deal-with-Kirin |access-date=2020-03-16 |website=morningadvertiser.co.uk |language=en-GB}}

In May 2020, it was announced that subject to competition law and shareholder approval, Marston's would merge its brewing business with Carlsberg UK (the United Kingdom arm of Carlsberg Group), into a joint venture valued at £780m. Marston's will take a 40% stake in the joint venture and receive up to £273m in cash. The deal will involve Marston's six breweries and distribution depots, but not its 1,400 pubs.{{Cite news |title=Marston's and Carlsberg UK announce £780m merger - BBC News |work=BBC News |date=22 May 2020 |url=https://www.bbc.co.uk/news/business-52770262 |access-date=2020-05-23 }}{{Cite web |last=Rob Davies |title=Brewers Carlsberg UK and Marston's announce merger | Business |url=https://www.theguardian.com/business/2020/may/22/beer-brewers-carlsberg-and-marstons-announce-uk-merger |access-date=2020-05-23 |work=The Guardian|date=22 May 2020 }} The merger was approved by the Competition and Markets Authority on 9 October 2020. The new brewing company will be headquartered in Wolverhampton and be known as Carlsberg Marston's Brewing Company. It was also announced that the transaction was expected to be completed by the end of October 2020.{{Cite web|url=https://www.expressandstar.com/news/business/2020/10/09/marstons-and-carlsberg-brewing-merger-to-be-completed-after-getting-cma-approval/|title=Regulator approves Carlsberg's £780m joint venture with Marston's|first=James|last=Pugh|website=www.expressandstar.com|date=9 October 2020}} The same month, the company announced that it will cut over 2,150 jobs (a fifth of their employees) as a result of the strict UK government measures to fight the spread of the COVID-19 pandemic.{{cite news|url=https://www.ft.com/content/2b18c6f0-561f-4e51-bfc3-2afc42b7b13f |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/2b18c6f0-561f-4e51-bfc3-2afc42b7b13f |archive-date=10 December 2022 |url-access=subscription|title= Marston's to cut 2,150 jobs after UK clampdown on hospitality sector |work=Financial Times|last=Hancock|first=Alice|date=15 October 2020|access-date=15 October 2020}} In December 2020, Marston's took over the running of 156 pubs in Wales from Welsh brewer Brains.{{Cite web|url=https://www.walesonline.co.uk/news/wales-news/brains-pubs-marstons-takeover-beer-19509901|title=Marstons takes over all 156 Brains pubs in Wales|first1=August|last1=Graham|first2=Lydia|last2=Stephens|date=23 December 2020|website=WalesOnline}}

Andrew Andonis Andrea stepped down as CEO with immediate effect on 17 November 2023.{{Cite news |title=Marstons CEO Andrea replaced by Merlin strategy officer |work=Morning Advertiser |url=https://www.morningadvertiser.co.uk/Article/2023/11/17/andrew-andrea-replaced-by-justin-platt-at-marston-s}} He was replaced by Justin Platt.{{Cite web |title=Marston's appoints Justin Platt as CEO as Andrea steps down |url=https://www.sharecast.com/news/news-and-announcements/marstons-appoints-justin-platt-as-ceo-as-andrea-steps-down--15371581.html |access-date=2024-02-21 |website=Sharecast |language=en}}

By May 2023, the business had become heavily indebted; it set a target of reducing net debt to £1 billion by 2026. J.P. Morgan Cazenove analysts said in May 2023 that "a pub estate with mediocre [Like for Like] sales in recent years, combined with still-high leverage, makes us cautious despite attractive valuation metrics."{{Cite journal |date=16 May 2023 |title=Disposals help Marston's with debt reduction |url=https://www.investorschronicle.co.uk/news/2023/05/16/disposals-help-marston-s-with-debt-reduction/ |journal=Investors Chronicle}}

It was announced on 8 July 2024, that Marston's had decided to sell their 40% share in CMBC to Carlsberg, in a bid to concentrate on the running of the pub business, in a deal valued at £206m. Carlsberg is also buying the soft drinks company Britvic and will combine it with that of CMBC. This does however leave the future of brewing in Wolverhampton in question and also the location of the head office. A review of the business will take place once the sale is completed and the company will notify stakeholders and employees of the future of the business when appropriate.{{Cite web|url=https://www.expressandstar.com/news/business/2024/07/09/future-of-brewing-of-bankss-in-wolverhampton-faces-review/|title=Beer giant fails to commit to future of Wolverhampton brewery after Marston's sale announced|first=John|last=Corser|date=9 July 2024|website=www.expressandstar.com}}

The company operates over 1,350 pubs and bars across England and Wales as of 2024,{{Cite web |title=Marston's launches new partnership agreement |url=https://www.pubandbar.com/story.php?s=2024-01-24-marstons-launches-new-partnership-agreement |access-date=2024-02-21 |website=www.pubandbar.com |language=en}} around 300 tenanted and 500 leased and a hotel chain.{{Cite web |title=Our Pubs – Marston's PLC |url=http://www.marstons.co.uk/pubs/ |access-date=30 March 2015 |website=marstons.co.uk}}

{{Reflist}}

• [https://www.marstonspubs.co.uk/ Marston's PLC]
• [http://www.marstonsinns.co.uk/ Marston's Inns]

Category:Companies based in Wolverhampton

Category:British companies established in 1834

Category:Food and drink companies established in 1890

Category:Companies listed on the London Stock Exchange

Category:Companies in the FTSE SmallCap Index

Category:Food and drink companies established in 1834