Punch, the independent pub operator, has completed the acquisition of four pubs this week.
The William Mitchell in Morecambe, Th’Owd Tithe Barn in Garstang, Royal Oak in Bolton on Sands, and The Duke of Rothesay pubs were acquired as a package from Mitchells of Lancaster.
Mitchells of Lancaster was originally founded in 1871 by William Mitchell and the pubs have retained many family traditions and core values, with a reputation for great service and quality cask ales.
Speaking about the acquisition, CEO for Punch, Clive Chesser said, “We are really pleased to have acquired these wonderful community pubs and we look forward to working in partnership with the great Publicans and their teams for many years to come. We will provide them with Punch’s industry-leading investment and support, to allow them to flourish and ensure they continue to be truly at the heart of their local communities. In the meantime, the pubs continue to be open and trading as usual. With the continued support of its shareholders, Patron and May Capital, Punch is investing approximately £30 million in its pubs this year and is progressing well on a 3 year plan to invest £80 million in its estate, supporting entrepreneurial publicans in communities across the UK.”
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Press Contact: Caroline Southwell, 01283 501930 – caroline.southwell@punchtaverns.com
About Punch: Punch is an independent pub company, with around 1,300 pubs across the UK. Punch is committed to empowering and working together with the very best Publicans to build and grow epic community pubs. It has a flexible and personal approach to agreements to enable Publicans taking a pub with Punch today, to progress and create unique pubs for their communities. It offers award winning training programmes (NITA award winner 2017 for best tenanted training programme) to support this. Under its new ownership Punch plans multi million pounds investment next year in its pub estate, in partnership with its Publicans, creating pubs that communities will love. For more information, visit: www.punchtaverns.com