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Scottish & Newcastle plc was a brewing company headquartered in Edinburgh, Scotland, which expanded from its home base to become an international business with beer volumes growing almost tenfold. The company was listed on the London Stock Exchange until it was acquired by Heineken and Carlsberg in 2008 and its assets split between them.
Scottish Building Society: Financials Banks Edinburgh: 1848 Bank and building society: P A Scottish Citylink: Consumer services Travel & tourism Glasgow: 1985 Inter-city coach operator P A Scottish Friendly: Financials Full line insurance Glasgow: 1862 Insurance and friendly society: P A Scottish Power: Utilities Multiutilities Glasgow: 1990
The company eventually merged with Newcastle's Tyne Brewery in 1960 to form Scottish & Newcastle Ltd., a giant of the British brewing industry until its joint takeover by Carlsberg and Heineken group, in 2008. Heineken acquired the British business. The Abbey Brewery had closed in 1956 to be redeveloped as the Head Office of Scottish & Newcastle.
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In 1999, the tenanted wing of the Greenall's operation was sold to the Japanese bank, Nomura for £370 million [8] and the main Greenall's operation, involving 770 pubs and 69 budget lodges, was sold to Scottish and Newcastle for £1.1billion. [9] Greenalls started to focus its resources on its De Vere and Village Leisure hotel branding at that ...
Heineken acquired the pubs as a result of its takeover of Scottish & Newcastle in a joint purchase with Carlsberg in 2008. As of 2024, the company currently runs around 2,400 pubs in the UK. Following the acquisition, Scottish & Newcastle's pubs were rebranded to Star Pubs & Bars, bringing an end to Scottish & Newcastle brand. [1]
Meanwhile, Spirit Group (at that time independent from Punch Taverns) expanded when it acquired Scottish & Newcastle's 1,450-strong pub estate in 2003, beating off rival Mitchells & Butlers. [ 14 ] In September 2005, Spirit Group sold its "City Nights" portfolio of in excess of 180 pubs and clubs, en-bloc, to Alchemy - the financial backers ...
In 2008, Heineken acquired the UK assets of Scottish and Newcastle which included the Caledonian Brewery. [6] In May 2022, Heineken announced the proposed closure of the Caledonian Brewery with an agreement in principle for Belhaven Brewery to brew its Scottish brands. [7] In October, JLL was appointed to market the site.