Marly, Switzerland—Paradigm Global Partners LLP has acquired Ilford Imaging Switzerland GmbH, “with the sole intention of realizing the full value potential of this iconic imaging business.”
Paradigm believes there is the potential for significant future growth and value creation based on the assets Ilford offers, including its capability for developing “leading edge technology, its state of the art manufacturing facility and its world-renowned brand.”
“Our ethos is to build on the existing strengths of the companies that we acquire, and Ilford has many positive attributes,” said Clifford Herbertson, one of the founding partners of Paradigm. “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. 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.”
Also commenting on the change in ownership was Lars Sommerhauser, chief operating officer: “The last few years have been tough for the imaging business as a whole, including Ilford. This announcement has injected a renewed sense of energy and excitement within the company and provided the business with focus and direction. We are committed to servicing the global market where there is a demand for the premium quality products that we manufacture and this will necessitate a strengthening of our business units in the USA and Asia.”
Founded in 1879, Ilford is a pioneer developer and manufacturer of photo-quality media and other consumables for both inkjet printing and color photographic processes. Its worldwide digital imaging and color photographic businesses include R&D and manufacturing operations in Switzerland. http://www.ilford.com/en
