Management takes over Ilford Imaging Switzerland

According to a press release, Willems and Metrailler acquired the Ilford Imaging and Ilford Property companies, of which the latter owns the production and headquarters estate in Marly. A significant part of the land owned by Ilford Property was sold and the proceeds will be invested in the Ilford Imaging business to provide the Management with the necessary funds to execute the strategic business plan.

After the bankruptcy filing, Ilford implemented comprehensive restructuring measures that included a significant reduction of its workforce. As a result, nearly 100 of the company’s previously 220 employees have lost their jobs.

Paul Willems commented: “The last few weeks have been extremely challenging and I thank the dedicated members of staff who have continued to push the business forward under very difficult circumstances. In addition, I am very grateful for the continued support of our customers around the world that have stood by us through these difficult conditions. Finally, we thank our key suppliers who have continued to work with us through this period at their own risk. I really appreciate their support whicht is a true testimony to the quality of products and the importance of our brand.”

“Moving forward, I am delighted that we have found such a promising solution for the future of the Ilford business and its brand”, Willems continued. ”JetGraph’s knowledge and experience in the imaging business will be invaluable and their contribution will ensure that we can implement our strategic growth plan to the benefit of all those involved.”

Keichii Shindo, President, JetGraph Co., Ltd., added “We feel the partnership with Ilford is a natural progression for our business particularly with the long history between the two companies. Ilford is a world-renowned brand and we are very optimistic about the potential of the new coating technologies including NanoSolvent and AquaBlock as well as the new additions to its traditional inkjet photo paper range. The innovative products Ilford developed recently are a key reason for our investment decision and they will deliver a fundamental contribution to our future growth plan for the commercial sign and display market. We are excited to support the Ilford business and working closely together to support the strategic plan.”