Greene King will close a site in Bedfordshire in April and three distribution centres. It will invest in new facilities such as a kegging line and distribution centre for its Bury St Edmunds brewery and information technology systems.
The group which recently acquired the 277-strong Magic Pub Company, has selected some managed an tenanted pubs and a few hotels to sell over the next 18 months. The sale should raise £20m-£30m.
Interim pre-tax profits rose 21% to £13.4m on turnover up 41% to £107.6m.
- Financial Times 12/12/96 page 24
- The Times 12/12/96 page 27
- The Independent 12/12/96 page 25
