After word of Tetenal’s financial difficulties emerged in late 2018, the photochemistry giant announced in January 2019 that it would be closing shop after 172 years. But an employee-led management buyout offer has now been accepted, allowing the business to live on.
New Tetenal, the entity that was formed by a group of Tetenal employees […]. petapixel.com
After coming back from the brink of insolvency with an employee led buyout in February 2019, TETENAL is announcing that they are back in full force. The new TETENAL 1847 GmbH commenced operations on April 1st, 2019.
When the news broke on January 29th, 2019, that the restructuring of Tetenal had apparently failed, a shockwave rolled over the analog community. Suddenly, supply for basic photochemistry of all sorts seemed uncertain.
In late 2018, it emerged that Tetenal, one of the largest photo chemistry companies in the world, was in serious financial turmoil. It now appears that efforts to save the business have failed, and Tetenal will reportedly be closing up for good after a whopping 172 years in the analog photography industry. The German photo […]
Here’s some big news in Europe that hasn’t made a big splash in the US and has largely flown under our radar: the very day after Photokina, Tetenal announced that it’s in financial turmoil.