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Filter giant Kenko Tokina has snapped up Wales-based filter maker Formatt-Hitech in a move designed to expand Hitech's production of Firecrest ND filters for cinema.
Formatt-Hitech, which is based in Aberdare, said it will continue to produce filters in the UK as an independent subsidiary of Kenko Tokina.
In a statement, Formatt-Hitech explained that its Firecrest filters have been on ‘backorder’ with most dealers throughout 2015.
‘The acquisition provides Formatt-Hitech with the financial stability to produce Firecrest in the volumes demanded by the market…
‘Kenko Tokina’s acquisition immediately rectifies the situation and it is expected that the backlog of Firecrest filters will be produced before the holiday season.’
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