FDBusiness.com

St Austell Brewery Delivers Record Results For 2016

 Breaking News
  • Cranswick Achieves Record Annual Sales UK food group Cranswick has reported a 22.5% jump in revenue from continuing operations to £1.245 billion for the year ended 31 March 2017. Growth was driven by a strong performance from each of the group’s categories – Fresh Pork, Convenience, Gourmet Products and Poultry – and reflected positive contributions from the Crown Chicken and [...]...
  • Lavazza Acquires Canadian Coffee Business The Lavazza Group, the Italian coffee roaster, has purchased an 80% equity stake in Kicking Horse Coffee, from the private-equity fund Swander Pace Capital. Kicking Horse Coffee, a leading Canadian organic and fair-trade coffee player, has distinguished itself over the last several years with remarkable growth in both Canada and the United States. Kicking Horse [...]...
  • Dietary Reference Values – EFSA Publishes Advice on Vitamin K EFSA has set dietary reference values for vitamin K as part of its review of scientific advice on nutrient intakes. The Panel on Dietetic Products, Nutrition and Allergies (NDA) decided to maintain the dietary reference values established by the Scientific Committee for Food in 1993. Consequently, the NDA Panel defined daily adequate intakes (AIs) for [...]...
  • Cutting Food Waste in the EU MEPs are supporting efforts to halve food waste in the EU by 2030, by lifting existing restrictions on food donations and eliminating confusion about ‘best before’ and ‘use by’ labels. “In developed countries food is wasted mostly at the end of the chain, at distribution and consumption. Everyone has a responsibility to tackle this problem,” says [...]...
  • tna Breaks Boundaries With Launch of New Ultra-high Speed Case Packer Tna has launched the tna ropac® 5, a ground-breaking, ultra-high-speed case packer for flexible bags that is capable of industry-leading speeds of up to 300 bags per minute. Part of tna’s performance 5.0 packaging system, the new tna ropac 5 is the first and only side-load case packer in the world that uses tna’s unique, [...]...
  • Dawn Meats and Dunbia Agree Strategic Partnership Irish and international food group Dawn Meats has agreed a strategic partnership with Dunbia, the Northern Ireland-based meat processor, to establish a majority owned joint venture in the United Kingdom comprising the UK operations of both organisations. Dawn Meats will separately acquire Dunbia’s operations in the Republic of Ireland. The deal is subject to approval [...]...

St Austell Brewery Delivers Record Results For 2016

St Austell Brewery Delivers Record Results For 2016
May 11
12:28 2017

St Austell Brewery, the English regional brewer and pub operator, has reported another record financial performance after increasing turnover by 13.2% to £153.2 million and operating profit before other items by 5.2% to £14 million in the 52-week period to 31st December 2016.

During the year, the company invested £25.9 million in capital expenditure, of which £16.7 million was on new acquisitions. These acquisitions included the purchase of Bath Ales, which served to support St Austell Brewery’s strategy to strengthen and extend its regional presence. The company also added new sites to its pub portfolio during the year as well as investing in its production and distribution facilities and refurbishing and improving its pubs and hotels.

James Staughton, chief executive of St. Austell Brewery, says: “It has been an excellent and historic year for the company. The acquisition of Bath Ales was a logical step towards our strategic objective of having the best pub estate and premier beer brands in the South West of England. A review of our strategic ambition led to the acquisition of Bath Ales whom we have long admired. Their pubs and beers complement those of St. Austell and our integration plans are on track.”

James Staughton adds: “Our strategy is to continue to invest for the long term and ensure that we remain focused on delivering wonderful distinctive experiences through great products and services, conscious innovation, measurement and the scaling of what works.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 6, 2017Brewing Equipment & Technology
  • June 7, 2017Polfish
  • June 8, 2017Free From Food Expo 2017
  • June 8, 2017Rapid and conventional micro methods seminar
AEC v1.0.4

The Magazine

F&D Business Preferred Suppliers

Advertisements