Tuesday, May 23, 2006

Beer - Youngs Conclusion of review brewing merger with Charles Wells Ltd

This is rather unfortunate and makes me quite sad. The workers in Wandsworth had a pride in what they did and there passion for a local family owned brewer was more than evident on my visits. What on earth will happen to the animals?


“Young’s Chairman John Young said:
“This move will help to safeguard the future of Young’s and greatly strengthen cask beer’s overall position in the market. Charles Wells is a similar firm to Young’s
in so many ways. I have known Oliver Wells, President and former Chairman of Charles Wells, for many, many years as part of a long-standing personal relationship between our two families. As we prepare to say goodbye to Britain’s oldest brewery, founded in the reign of Elizabeth I and run by my family since 1831, we must avoid shedding tears and instead consider the advantages that our move will have.
It will ensure that we remain a vertically integrated brewery, as will Charles Wells,
producing our own beers for our own pubs – something we at Young’s have long assured our shareholders that we would do. The new company will have a modern brewery, with its own supply of natural mineral water. All our ales and stouts – on draught, in bottles and in cans – will be transferred and we shall benefit from access to Charles Wells’ brands….”

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