Stonegate Pub Company has snapped up 15 Maclay Inns pubs from administrators handling the business in a move that significantly boosts its portfolio north of the border.
It was reported that administrators EY were hoping to fetch upwards of £11m for Maclay, which operates venues across Glasgow, Edinburgh and Central Scotland, although the actual sale price has not been disclosed.
Maclay brought in administrators at the end of January to protect the employment of its 500 staff after struggling to find a strategic solution for the “financial pressures” facing the business. It said the company remains profitable.
Stonegate, which owns the Yate’s and Slug & Lettuce brands, operates more than 600 outlets across the UK and the addition of the Maclay pubs will strengthen its presence in Scotland.
Chief executive, Simon Longbottom, commented: “The prudent reviewing and planning of our estate has enabled Stonegate to invest in a high quality, predominantly freehold business that further strengthens our portfolio within Scotland. We look forward to welcoming the teams in situ into the Stonegate family.”