Fuller, Smith & Turner has bought the Wine Vaults in Southsea, Hampshire for an undisclosed fee. The Wine Vaults will be run as a managed house focusing on cask ales, a wide selection of wines and fresh food. The pub will retain its name and décor. Simon Emeny, the company’s retail director, said: "We are delighted to have purchased this pub - it is already a successful venue, and we will be looking to build on its existing good reputation. We are keen to expand into this area and the purchase of the Wine Vaults gives Fuller's a foothold in the south Hampshire area. "As a company, we are constantly looking to increase the size of our pub estate, which is currently around the 240 pub mark, and the Portsmouth area is a key location. We are interested in purchasing other pubs in and around this part of the South Coast, and are always on the look out for suitable sites."