Hexstone Limited has confirmed it is consolidating its wholesaling operations at its Stone site and that it will be closing its STF and Icon Bilston site. Consequently, most of the STF and Icon staff based at Bilston will be made redundant, though it is hoped that some will be able to transfer to Stone.
Hexstone revealed it was consulting on the future of the site earlier this year. The Righton Fasteners division, also based at Bilston, is not affected by the consolidation.
Operations will be transferred from the Hexstone Bilston site to Stone in a phased manner over the second and third quarters of this year. The wide range of products currently available through the STF and Icon divisions will continue to be available through the consolidated operation at Stone.
CEO Ian Doherty said: “This has been a difficult decision made against the backdrop of a challenging market and prompted by the forthcoming expiry of the lease on the site. The team at Bilston have worked extremely hard to deliver high levels of service to our customers, but commercial pressures have led us to form the view that consolidation is the best route forward for the company.
"The consolidation will simplify business for us and our customers, they will be able to trade with us across the whole extensive Hexstone range with a single account and sales contact point.”
The Hexstone sales team will be contacting customers individually over the coming weeks to agree individual transition plans.
