Overview
- Molson Group appointed joint administrators on Friday, November 6, and administrators have begun an orderly wind-down after rescue talks and a sale of the UK business failed to complete.
- Administrators confirmed 203 staff were made immediately redundant across Molson’s 16 UK sites, including 14 roles cut at the Darlington depot on Red Barnes Way.
- PwC partners Tom Crookham, Mark (Toby) Banfield and Ross Connock are managing redundancies, employee support and the realisation of assets for creditors.
- Shares in Molson’s US operations were transferred to Fieldsec Hastings Limited in a separate deal that preserves all US jobs and a small number of linked UK roles.
- Molson was one of the UK’s larger independent heavy-equipment dealers with 345 UK employees before administration, and local communities now face short-term job losses while administrators work to maximise returns for creditors.