Sales up at McBride but Hull aerosol factory closure going ahead

By Hull Daily Mail | Posted: 11 Jan 2019

Manufacturer McBride has announced a sales boost in the second half of 2018, but is pushing ahead with the closure of its Hull aerosol factory.

More than 100 jobs will be lost when McBride closes the doors of its site in West Carr Lane this spring.

The business has now revealed continuing revenues were up by almost 11 per cent in the six months up to December 31, as sales in its household product division soared by 5.9 per cent.

McBride last year said it was expecting “substantial losses” in the aerosol sector of the business, as it announced the Hull factory was to close in early 2019.

The company also has sites in Middleton, near Manchester, and Barrow, as well as across Europe.

Rik De Vos, chief executive, said: “The Group has made significant strategic progress in the first half of this financial year completing the sale of Personal Care Liquids, integrating Danlind onto the McBride systems and managing our revenue growth.

The company said its aerosol business had 'deteriorated' in recent years

“Margins remain our key focus at present and the recent improvement in the pricing outlook for raw materials following almost two years of significant inflation will see some recovery of the cumulative cost impact to the business.

“I remain confident that the Group continues to be well positioned to exploit the growth and margin opportunities in the remainder of this financial year and beyond.”

Read more: More than 100 jobs to go as Hull factory announces closure

McBride confirmed in its latest trading update that it was pushing ahead with its Hull factory closure, as planned.

It was said higher sales in the UK of its household products had led to the trading boost, and that the company’s board expected full-year earnings to be in line with expectations.

A total of 117 jobs will be lost when the Hull factory closes.

Speaking about the closure last year, a spokesman for McBride said the business had “enjoyed a long history in Hull, and did not underestimate the effect of the proposal on colleagues.”

McBride produces a range of household and personal care brands.

Read more: McBride reveals plans to close Hull factory with loss of 117 jobs

Its portfolio includes Oven Pride, LimeLite and Surcare. Other factories in the UK include Manchester, Bradford and Barrow.



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Source article: http://www.hulldailymail.co.uk/

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