The story
In 2020, Marston's plc merged its brewing business with Carlsberg UK (the United Kingdom arm of Carlsberg Group), in a joint venture valued at £780m. Marston's took a 40% stake and received up to £273m in cash. The deal involved Marston's six breweries and distribution depots, but not its 1,400 pubs. The merger was approved by the Competition and Markets Authority on 9 October 2020.
In 2024, Marston's sold their 40% share in CMBC to Carlsberg for £206m in order to focus on running the pub business. The deal to acquire Marston's 40% stake in CMBC was completed on 21 July 2024.
Carlsberg then bought the soft drinks company Britvic plc for £3.3bn, merging it into Carslberg Marstons, with the new group formally launched as Carlsberg Britvic in January 2025.
In February 2026, the company announced better than expected revenues of £10.3 billion, a rise on the previous year by 18.8%, even though organic sales had fallen by 2% due to the loss of the San Miguel licence. It also announced that the savings that were envisaged with the merger with Britvic were ahead of schedule and had already generated £110 million in savings.
From Wikipedia’s article on Carlsberg Britvic, shared under CC BY-SA 4.0.5
