Photo Counter can confirm today (in a world exclusive) that the joint CR Kennedy/Chugai Photo Chemical bid for the Ilford, Galerie, Prestige and Omnijet brands and associated assets has been successful.
Photo Counter and Pro Counter first reported on the CR Kennedy bid on April 3.
The joint press release from CR Kennedy and Chugai follows:
WORLD FAMOUS ILFORD BRAND NOW IN SAFE HANDS AND TO RE-EMERGE AS A LEADER IN THE GLOBAL IMAGING AND GRAPHICS MARKETS
Chugai Photo Chemical Co Ltd of Tokyo, Japan and CR Kennedy & Company Pty Ltd of Melbourne, Australia, have been successful in their bid for the ILFORD Trade Marks and Associated Assets.
Ilford is a world-famous brand and is one of the great pioneers of the photographic industry, with a proud 135-year history.
The acquisition will see leading products such as Ilford Gallerie Prestige and Ilford Omnijet range continue, with existing ICC profiles, on a world-wide basis.
A new company, Ilford Imaging Europe GMBH has been established as a joint venture and will be responsible for all product development, production, logistics, sales and marketing activities. Clement Kennedy and Arnoud Mekenkamp have been appointed as joint managing directors.
The Ilford brand is now in safe hands. Together, both partners have a combined history of 146 years in the photo industry. They are committed to implementing long-term strategies for growth, with respect for the history and traditions of the Ilford brand. Ilford has for 135 years represented outstanding quality; this will continue.
– A report in UK website Amateur Photographer in late April, following communication with the Ilford Imaging liquidator, put the Chugai/Kennedy bid at 1.3 million pounds.(around $2.35 million dollars). At that stage it was not confirmed as the successful bid.
While Clem Kennedy is a familiar name in the Australian photo industry both as a director of CR Kennedy and former treasurer of PICA and then IDEA, Arnoud Mekenkamp is managing director of Tecco GmbH based in Bergisch Gladbach (close to Cologne), a producer and converter of uncoated and coated inkjet and laser papers/print substrates and paper-based offset printing forms.
We hope to bring Photo Counter readers more details in coming weeks.
COMMENT: Photo Counter heartily congratulates Malcolm Kennedy and the Kennedy team in securing such an iconic brand as Ilford Imaging. This is a remarkable achievement for an Australian family-owned company – no Australian photo business has had equity in a brand with the global recognition of Ilford. The very fact that its was sought after shows great vision – and not a little courage. This is a crowning achievement for this third-generation Australian business to mark its 80th year. We wish them well in the new venture.