The pub industry continues to consolidate
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Wolverhampton & Dudley, the UK's second largest regional pub operator and brewer is to buy rival Burtonwood for �119m ($229m).
The purchase follows W&D's purchase of Wizard Inns in June and comes amid a round of consolidation in the industry.
The maker of Marston's Pedigree ale, which operates 1,675 pubs, will gain another 460 sites in the latest deal.
The announcement came as W&D saw pre-tax, post exceptional profits rise 6.3% in the year to 2 October to �77.17m.
About 400 of the Burtonwood pubs will be operated by W&D's tenanted Union Pub Company.
The remainder will join its managed Pathfinder Pubs group, which include the Pitcher & Piano chain.
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