Decorative Labels' two sites in Bridge Street, Wakefield, are rumoured to be the subject of a bid by British Waterways as it seeks to extend its landholdings in the area.


Leeds GPMU officer Don Place said: "The workforce have already been told that the site has been sold off for re-
development."


It is understood that the gravure side of the business will be retained, but the litho side is to be sold with all 30 staff being retained by the new owner, thought to be Paul Fox, a former employee of the company.


"I can confirm that an offer has been made by British Waterways for the two sites," said Wakefield Metropolitan District Council project director Dave Alston.


"British Waterways is looking to acquire the buildings in the area as it is one of the partners in the re-development," he said.


The site is to be part of the Wakefield Waterfront Project, which will involve regeneration of the waterfront to include an art gallery, shops and cafes.


Smurfit Labels became part of the Decorative Sleeves Group and was subsequently renamed Decorative Labels in 1998.
Decorative Labels managing director Martin Rainer refused to comment on the matter.


Dale Hambilton, managing director of sister company Decorative Sleeves, was out of the country and also unavailable for comment.


Story by Andy Scott