Flashgun maker Metz may be rescued from insolvency after attracting ‘considerable interest’ from potential investors, a source close to the German company has told Amateur Photographer.
Metz, which makes televisions as well as lighting equipment, confirmed last week that it had filed for insolvency – a move expected to affect around 600 jobs, according to a report by news agency Reuters.
Metz has not released any further statement on the matter.
However, a source close to Metz told Amateur Photographer that ‘the administrator is in contact with potential investors’ and that there has been ‘considerable interest in the company’.
The German office of insolvency administrator Joachim Exner had yet to respond to an email request for comment at the time of writing.
Metz makes flash units for amateur and professional photographers worldwide, from compact flashes to handheld flashguns.
Metz was formed over 75 years ago by Paul Metz who, in 1947, began making radio sets before expanding to other lines of business.
Today, the owner-led company focuses on three areas: entertainment electronics, photo electronics and plastics technology.
Paul Metz died in 1993, since when his wife Helene took over the running of the business.
Speaking last year, Helene Metz said: ‘My husband and I have always invested in the company and promoted its continued development.
‘Independence was important to us. At the same time, we always placed great importance on excellently trained, highly motivated employees. And nothing will change these values in the future.’