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Members News Monthly Image Competition April 2012 |
22/03/11
Calumet Photographic Group, the $200m specialist
photographic retailer and flash lighting manufacturer Bowens, has
changed ownership.
After 11 years within Rubicon Partners, the London based investment
partnership, which saw the growth of Calumet into a multi-channel
digital products retailer, and Bowens into a multi-national
manufacturer, Calumet Group has been bought in its entirety by HS Real,
a holding company based in the US..
Colin Halpern, a British born, US based, entrepreneur will assume the
chairmanship of the group with immediate effect. He has a wide ranging
experience ranging from engineering, healthcare, property, car rental
and fast food, in both the US and the UK.
There are already plans to invest further in the retail presence in
Calumet in Europe and the US, and continue Bowens’ investments in the
Far East. The initial elements of these plans will be executed during
the remainder of 2011, and have progressed during the transaction
period.
HS Real is committed to investment, permanent ownership of the group. It
recognizes its potential for growth, and its unique position in the
market place.
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