The story as told by an Apug fellow was about a Fuji representative, not an executive.
Of course one may wonder what would be worse.
I'm reminded of the joke about the Fuji executive who, when asked if they would continue producing FP100C, replied, "We make film?"
It seems some of you haven't seen the latest adverts from Ilford.
They are very nice.
https://www.instagram.com/p/8LQLeBQ9As/?taken-by=filmsnotdead
It seems some of you haven't seen the latest adverts from Ilford.
They are very nice.
https://www.instagram.com/p/8LQLeBQ9As/?taken-by=filmsnotdead
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PEMBERSTONE VENTURES SNAPS UP £19.4M PHOTOGRAPHY BUSINESS
17th Sep 2015 North West
Pemberstone Ventures snaps up £19.4m photography business
Investment firm Pemberstone Ventures has purchased a 200-strong photographic product manufacturer based in Cheshire.
Harman Technology, which is headquartered in Mobberley, makes the Ilford brand of black and white camera film and turned over £19.4m last year, with sales driven by a resurgence in analogue photography.
The business was founded in its current form in 2005 when the former directors of Ilford Imaging bought the company out of administration.
Harman is owned by its management team and will continue to be run by managing director Peter Elton and finance director Andy Taylor following the Pemberstone acquisition.
Pemberstone's chief executive Mark Anslow and chairman Andrew Baker will also join the board.
Anslow said: "We have been tracking the performance of Harman for some time and are very positive about the potential we see. We've made this purchase with the intention of supporting Harman to achieve significant growth over the coming years.
"We are very excited by the potential of the analogue photography movement, and believe that Harman is uniquely placed to drive the resurgent film market into the future."
Elton added: "Under the stewardship of Pemberstone, we will be in a position to capitalise on the opportunities presented by the resurgence in analogue photography and to grow our business."
Now will everybody just settle down?
Now will everybody just settle down?
That was all posted back when this thread started....
Well, such statements to me are less telling than a investor's history.
In any case do forget what happened to Ilford Imaging.
No, I have no hint at all that should make one anxious. And we learned about the other enterprises they investigated in. And I tried to say that just that tells us more than statements of intention. Statements of the kind we heard often.
And what do we know about Pemberstone that should bother us? I'm not being a smartass. This is a serious question because I have not found anything to indicate that there is any threat to continued film production.
Peter Elton, Managing Director of HARMAN concurs.“Film has become an interesting medium for young photographers to work with again.We are seeing this very clearly. Our new owners will assist us to connect more effectively to this younger generation in the future, and we will prioritise this as our main goal over the next five years.”
Forgive my tardiness to the conversation, especially if this has been covered, but - if HARMAN realizes the potential for analog photography, why sell now? Especially if the company is on the verge of significantly rising profits?
Was this strictly a financial decision? Or will the new owners be able to pump in resources to increase the product line?
The owners, who were the management buy out team, had invested in the business both financially and in time and are now shall we politely say of mature years, given the opportunity to exit on a rising market and those who chose to could remain in managerial/advisory positions what would you have done?
In other words it doesn't have anything to do with anything other than owners who were ready to retire?
In other words it doesn't have anything to do with anything other than owners who were ready to retire?
Agreed, nothing more, nothing less, and all the available information and logic supports that.
And perhaps we should be grateful that the owners didn't retire by simply closing down the factory, surrendering the lease, selling the plant for scrap, and walking away. I've seen that happen in the past with more than one smaller business.
To my knowledge, Ilford still has not resolved their property issue. Is this not an ongoing concern? Their attempt to update their facilities was rejected by the local citizens and their lease is in it's near final stages. What next for Ilford?
HARMAN technology Ltd., manufacturer of Ilford-branded film, paper and (via outsourcing) photo chemicals, is a tenant at its Mobberley site. HARMAN has no "property issue." Its site lease has ten years remaining. While it has undoubtedly cooperated with its landlord, the actual entity attempting to obtain approval of a site redevelopment proposal, HARMAN operations continue as usual during the application and appeal process. Even if a higher level government agency decision some time next year -- after planned public hearings -- is to deny the landlord's appeal, there's a decade of normal manufacturing remaining before any potential issue could come up. Or, at that time the site lease might just be renewed unchanged.To my knowledge, Ilford still has not resolved their property issue. Is this not an ongoing concern? Their attempt to update their facilities was rejected by the local citizens and their lease is in it's near final stages...
The same things it's been doing for the last ten years, i.e. the first half of its 20 year site lease....What next for Ilford?
To my knowledge, Ilford still has not resolved their property issue. Is this not an ongoing concern? Their attempt to update their facilities was rejected by the local citizens and their lease is in it's near final stages. What next for Ilford?
A planning application was made to redevelop the site and build a large quantity of housing.
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