Sales: $908 million.
Key Personnel: John Coleman, chairman; Rik De Vos, chief executive officer; Chris Smith, chief finance officer.
Major Products: Household and personal care products.
Comments: Private label company McBride, based in the UK, reported that revenues topped $900 million.
The company has acquired Danlind, a supplier of auto dishwash and laundry products based in Denmark. The deal gives McBride access to accelerated growth in the key strategic category of auto dishwash tablets, and will enable it to gain entry into growth segments where it is currently under-represented, according to company executives. Danlind, according to McBride, has a significant range of retail and contract customers along with a well-established position in the Nordic region and in the commercial laundry and dishwash markets.
McBride has spent the past few years transforming its business and it continues to make moves in that respect. Last month, for example, it announced plans to sell its European personal care liquids business to Royal Sanders Group for a cash consideration of about $1.54 million. The business includes two manufacturing sites (Bradford, UK and Ieper, Belgium) that supply customers with a range of personal hygiene, haircare and oral care products.
The company is also closing down an aerosol manufacturing site in Hull by next spring as it looks to restore the performance of its hard hit Group’s European Personal Care & Aerosols (PCA) business. As a result of this decision, and the absorption of certain volumes into its French aerosols operation, McBride said it expects its ongoing aerosols operation to break even a year from now.
Shutting down the Hull site could impact 117 jobs in a place where McBride has enjoyed a long history. In a press statement McBride said it “does not underestimate the effect of this proposal on our colleagues, their families and the wider community. We will now commence a process of collective consultation with employees’ representatives where the local management team, in close collaboration with HR, will discuss the proposal in greater detail, explore any alternative scenarios, and set out the support which would be available to any potentially affected colleagues.”
And let’s not forget a major looming issue for any company based in the UK—Brexit. In his statement within the group’s annual review, chairman John Coleman penned: “Exit from the EU has potential implications in a number of areas of McBride’s activities. These include chemical and other regulatory policies, tariffs, currency volatility and availability of staff. A number of colleagues at McBride have migrated to the UK from elsewhere in the EU for employment purposes and are valued members of the business. We urge Governments to quickly clarify the uncertainty over their right to remain in the UK and the timing of any changes to the current free market situation.”