Independent pub company Punch Pubs & Co has acquired another two dozen pubs after the company behind them went into administration.
The Burton upon Trent-based firm has completed the acquisition of 24 pubs located in the North East and Yorkshire from the Milton 3 portfolio.
Punch Pubs & Co CEO Clive Chesser said: “We are delighted to have acquired these excellent pubs, and we are excited about the future as we welcome them into the Punch family.
“With the help of our industry-leading investment and support, we will ensure these pubs remain at the heart of their communities and continue to thrive for many years to come. We are looking forward to providing further updates as our plans progress.”
It is the second deal announced in recent weeks, after Punch also acquired three pubs in Leicestershire from Steamin’ Billy (Property) Limited.
Punch has said it remains on the lookout for more quality acquisitions, including packages and single-site opportunities that fit well with its modern and progressive vision and growth plans.
The company has around 1,300 pubs across the UK and has invested over £192 million into its pub estate over the last six years.
