McBride announces sales increase, continues with 2019 factory closure
British manufacturer McBride announced a sales increase in the second half of 2018 while also disclosing that it is still continuing with the closure of its Hull aerosols factory, local news outlet Hull Daily Mail reports.
In August 2018, World Aerosols reported that the company had announced the closure of the aerosol factory, leading to the loss of over 100 jobs. The termination of the factory followed McBridge’s departure from the manufacturing of aerosols in the UK after experiencing deteoriation in the sector.
McBridge also revealed an 11% revenue growth in the latter six months of 2018, with sales in its household division experiencing an increase of 5.9%.
“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,” said McBride CEO Rik De Vos.
“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.”