Product category:
General Print Supplies, Services for Printers
News Release from: Ilford Imaging Switzerland GmbH
Edited by the Printingtalk Editorial
Team on 08 July 2005
Acquisition Settles Ilford's
Post-Failure Future
The remaining aspect of the Ilford Imaging Group, the UK arm of which went in to receivership in 2004, has been settled with the takeover of Ilford Imaging Switzerland by Oji Paper of Tokyo.
The remaining aspect of the Ilford Imaging Group, the UK arm of which went in to receivership in 2004, has been settled with the takeover of Ilford Imaging Switzerland by Oji Paper of Tokyo Oji has been a paper manufacturer in Japan for 130 years, and the company's acquisition by Oji has been welcomed by Ilford
This article was originally published on Printingtalk on 7 Feb 2007 at 8.00am (UK)
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Although Harman technology, the parent of Ilford Photo, is a totally independent company with no corporate ties to the old group, as a gesture of goodwill given the history of the group, the UK company's directors have been assisting the Swiss company and the receivers, Grant Thornton, to keep its operation in a viable state.
The result is that the takeover has been successfully completed for an undisclosed sum and that Ilford Imaging Switzerland will operate as a wholly owned subsidiary of Oji Paper Company under the continued direction of managing director David Jones.
Other Ilford Group member companies around the world, which also went down, have already been individually sold or replaced, resulting in a global network of independent companies now distributing Ilford products.
Ilford Photo's marketing director Howard Hopwood said: "Judging by some calls we have received, some confusion has arisen due to the similarity of company names.
However, the situation is quite clear as it was the old group headed by Ilford Imaging UK that went in to receivership in August 2004.
Following that, the UK operation was bought out by the former management team, which established Harman technology as the holding company trading as Ilford Photo." Hopwood added: "The Swiss company, which was the old group's inkjet paper manufacturing arm, remained under the control of Grant Thornton until the acquisition by Oji Paper.
It can, therefore, be seen that this activity has no connection with, or impact on, ourselves.".
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