ILFORD IMAGING SWITZERLAND GMBH UP FOR SALE
Marly, Switzerland, 31st July 2013. ILFORD Imaging Switzerland GmbH, one of the world class leaders in imaging coating technology, has announced that it is for sale.
The company owns one of the most iconic brands in the imaging industry and has been manufacturing world class photo inkjet products at its sophisticated multi-layer coating facility in Switzerland since the inception of digital imaging. ILFORD Imaging Switzerland GmbH is a world leader in nanotechnology and complex multi-curtain coating layers. In addition to inkjet photo paper and traditional colour display films for the professional market, the coating technology can be used in a broad range of applications including optical films for TV or LED lamps, and sensors for medial equipment. The company also develops and manufactures ink and dyes for the printing industry.
ILFORD also has a worldwide brand reputation within the imaging marketplace and products within its GALERIE inkjet photo paper brand have recently won a number of industry awards and accolades. It recently introduced a range of revolutionary products into the commercial wide format space at the international Fespa exhibition in London.
At the end of June ILFORD Imaging Switzerland GmbH announced that it was in financial difficulty with a liquidity issue and in agreement with its then shareholder, informed the Swiss Courts of its situation.
ILFORD Imaging Switzerland is a major employer within the locality and has a worldwide brand reputation within the imaging market, and as a result of this the Court granted the Management additional time, up to mid August, to find a short or medium term investor to save the business.
“On Monday 29th July, as part of the conditions set down by the Judge, we informed the local Court of our current financial status and we are waiting their final decision on how they would like us to proceed’ stated Paul Willems, CEO. “We have the continued support of the local authorities and have a solid business plan which projects key growth for the business in new and innovative channels. I strongly believe that with the right partner, ILFORD Imaging Switzerland will be able to realise its growth strategy and provide any investor with an excellent return,” concludes Willems.
Founded in 1879, ILFORD is a leading player in the development and manufacture of consumables for both inkjet printing and colour photographic processes as well as other coated products. The worldwide businesses include R&D and manufacturing operations in Switzerland, with sales operations in the USA, Belgium and Japan.
For more information on ILFORD, please visit http://www.ilford.com/
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