Paradigm Global Partners LLP recently announced its acquisition of the global imaging manufacturer, Ilford Imaging Switzerland GmbH, with the sole intention of realizing the full value potential of this iconic imaging business.
Recognizing the assets that Ilford has to offer, including its capability for developing leading edge technology, its state of the art manufacturing facility and its world-renowned brand, Paradigm believes there is scope for significant future growth and value creation.
The Paradigm acquisition will maintain the financial stability of the company and provide a sound platform to manage future challenges. One of Paradigm’s philosophies, to secure the future of a business through investment, has already been realized with the approval of capital expenditure to move forward a key development in the manufacturing facility in Switzerland.
Clifford Herbertson, one of the Founding Partners of Paradigm said: “Our ethos is to build on the existing strengths of the companies that we acquire and Ilford has many positive attributes. We bring a wealth of knowledge and expertise to the table and in partnership with the existing Management Team of Ilford we believe we can generate significant growth for the business. Herbertson continued:
“The transition in ownership has been swift and now our focus and attention will turn to building mutually-beneficial partnerships with our customers and better meeting the demands of the market.”
