Ilford Imaging bought by investment company

[AgX]

After being owned by a prodction company (Oji Paper from Japan) for about 5 years Ilford Imaging has been sold to a british investment company (Paradigm):

http://www.ilford.com/en/pdf/press/P...ATEMENT_EN.pdf

www.paradigmllp.com/

[Steve Smith]

This is not Ilford Photo though.


Steve.

[eclarke]

Yep, more corporate crap. The citizens of the entire world need to force corporations to profit from making things and not financial moves...Evan Clarke

[David A. Goldfarb]

This is not Ilford Photo, but it is the company responsible for Ilfochrome.

[AgX]

This invesrment company thing is tricky. Some other materials praised here at Apug are made by manufacturers backed by investment companies. Maybe we would lack those materials if the manufacturers would have to rely on bank money.

[eclarke]

This invesrment company thing is tricky. Some other materials praised here at Apug are made by manufacturers backed by investment companies. Maybe we would lack those materials if the manufacturers would have to rely on bank money.

I agree, but it's a crappy way for people to live. Investment companies are only interested in shuffling papers around, what happens if the investment company wakes up and finds that Ilford Imaging can make them a quick little profit if they sell the scrap metal and the real estate? People made better wealth in the past by employing people and making products than the robber barons of this century are making corporate raids. The people of the industrialized world deserve the financial instability we have now because we have let the giant corporate culture evolve. The people in developing counties deserve what they WILL get when the same corporations forsake them. Hopefully we will have a giant solar storm and everybody will be directly responsible for their own needs and welfare. Corporate savvy and paper shuffling will have no value then....EC

[MartinCrabtree]

Hopefully we will have a giant solar storm and everybody will be directly responsible for their own needs and welfare. Corporate savvy and paper shuffling will have no value then....EC

Won't the gamma rays be hard on my unexposed film?

[Ray Rogers]

After being owned by a prodction company (Oji Paper from Japan) for about 5 years Ilford Imaging has been sold to a british investment company (Paradigm):

http://www.ilford.com/en/pdf/press/P...ATEMENT_EN.pdf

www.paradigmllp.com/

AgX, I can't seem to get the top link to open (I get a redirect to nowhere land) and the 2nd link just takes me to Boresville.



This is sad news anyhow.... eclarke, I hear you.

Ray

[Aurum]

I agree, but it's a crappy way for people to live. Investment companies are only interested in shuffling papers around, what happens if the investment company wakes up and finds that Ilford Imaging can make them a quick little profit if they sell the scrap metal and the real estate? People made better wealth in the past by employing people and making products than the robber barons of this century are making corporate raids. The people of the industrialized world deserve the financial instability we have now because we have let the giant corporate culture evolve. The people in developing counties deserve what they WILL get when the same corporations forsake them. Hopefully we will have a giant solar storm and everybody will be directly responsible for their own needs and welfare. Corporate savvy and paper shuffling will have no value then....EC

Been there, done that. The company I work for was a management buy out and went through two sets of venture capitalists in fairly quick succession. It works, but its not a good long term strategy. They want "Paper Value", and this is often at the cost of long term prospects. We were relieved when a big, "evil multinational" bought us. They understood what we were about, and they are looking Looooong term. Now its time to rebuild the damage the financial vultures wrought.

Actually the financial wizzkids will be looking longterm ATM, as the rate of return on buying a company, and building it up will be a hell of a lot better than gambling on the markets. We may be seeing a bit more proper investment now. One hopes so anyway

[fotch]

....Hopefully we will have a giant solar storm and everybody will be directly responsible for their own needs and welfare. .......EC

Wow, I know that winter has returned around here and that Milwaukee got some snow, but this is the worst case of cabin fever I have heard of.