UK council bids for former McBride aerosol factory
A local council in Hull, UK could buy a former aerosol factory complex after its sudden closure earlier this year. Hull County Council has set its sights on the former factory which belonged to Europe’s biggest maker of retailer own-brand household goods, McBride.
The aerosol manufacturing facility closed in March 2019, resulting in job losses of more than 100. Earlier in the year, McBride said it was expecting ‘substantial losses’ in the aerosol sector of its business, prior to closing the factory. A company statement at the time said: “In recent years, the financial performance of the group’s European Personal Care & Aerosols business has deteriorated, and the aerosols business in particular has experienced extreme margin pressures, with substantial operating losses expected for the financial year ending 30 June 2018.”
In a recently published key decision notice, Hull County Council expressed interest in purchasing the site to expand operations at its neighbouring depot. According to Hull Daily Mail, the local authority intends to open up part of the site for ‘serviced development plots’, possibly working in partnership with other companies.
The aerosol manufacturing facility closed in March 2019, resulting in job losses of more than 100. Earlier in the year, McBride said it was expecting ‘substantial losses’ in the aerosol sector of its business, prior to closing the factory. A company statement at the time said: “In recent years, the financial performance of the group’s European Personal Care & Aerosols business has deteriorated, and the aerosols business in particular has experienced extreme margin pressures, with substantial operating losses expected for the financial year ending 30 June 2018.”
In a recently published key decision notice, Hull County Council expressed interest in purchasing the site to expand operations at its neighbouring depot. According to Hull Daily Mail, the local authority intends to open up part of the site for ‘serviced development plots’, possibly working in partnership with other companies.
