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Tuesday, September 17, 2013

Ilford Imaging Switzerland Identifies a Path Forward

The management of Ilford Imaging Switzerland GmbH announced that it has identified a path forward for the company that ran into financial difficulties at the end of June. The Management Team, namely Paul Willems, Chief Executive Officer and Jean-Marc Metrailler, Chief Financial Officer, have acquired the Ilford Imaging and Ilford Property companies. A significant part of the land owned by Ilford Property is being sold and the proceeds will be invested into the ILFORD Imaging business. This investment will provide the Management with the necessary funding to execute the strategic business plan. In addition JetGraph, a distribution partner in the Japanese and Chinese markets, will enter into the share capital of the company in partnership with the Management Team.

Do note that Ilford Imaging, which develops and manufactures consumables for inkjet printing and other coated products, is not to be confused with Ilford Photo, a UK-based company that produces black-and-white photographic film, papers and chemicals.

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