Stevens & Bolton LLP has advised Fuller’s on the acquisition of Cornish Orchards Limited for £3.8m, marking Fuller's entry into the premium cider market.
Michael Turner, Chairman of Fuller’s, described Cornish Orchards’ flagship brand, Cornish Gold, as “a truly delicious, quality craft cider made from freshly pressed apples”.
Fuller Smith & Turner P.L.C. has shares listed on the London Stock Exchange and is London's last remaining traditional family brewer. It also has an estate of over 360 pubs and bars, including six hotels and a number of pubs with accommodation.
James Douglas, Finance Director of Fuller’s, commented "We were extremely happy with the high quality service we received from the Stevens & Bolton team and were impressed by their strength in depth. Their pro-activity, commitment, commerciality and pragmatism enabled us to complete the transaction within a challenging time-scale”.
The S&B team was led by corporate partner Jonathan Porteous and included Jenny Robertson and Mark Smith (corporate), Stephen Schofield (real estate), Charlie Tillett (intellectual property) and Michelle Last (employment).