Theses days, the same time that the employees are still awaiting their july wages and were already told to seek new jobs, two managers of Ilford and a third party bought their plant from Paradigm Investers.
Nevertheless the plant still has to face bancruptcy decision by court next week. The buy is depicted as a time winning means to enable further search for an investor. Without whom the succession of the plant will not be possible.
Interesting is that the third partner is the owner of the property itself. This shows the complicated legal situation and the lack of assets at Ilford.
Last edited by AgX; 08-15-2013 at 09:46 AM. Click to view previous post history.