McManus Pub Company has taken full control of subsidiary Estuary Inns after buying out its joint-venture partner, Anglo-European. The Estuary business, which was formed to build a pub estate in and around Essex’s Southend, comprises six managed freehold sites, which generate house ebitda of more than £1m and annual sales of £4.4m. All of the sites were previously unlicenced properties. Following the deal - the value of which was not disclosed - McManus Pub Company owns 22 managed houses, 19 of which are freehold. All of its sites are free-of-tie. The business produces ebitda of about £3m on sales of about £14m. The group has two distinct trading areas – in Northamptonshire and Essex – and will will retain both the McManus and Estuary identities. Gary McManus, managing director, said: “In these competitive times, the sole ownership will allow us to focus fully on maximising the trade and profit generated from this tightly-run estate.” Estuary was formed with Anglo-European eight years ago. In addition to the deal, the company plans to build a third geographical area, having just acquired a site from Spirit Group in North London.