Harman Technology produces traditional black & white photo papers at its base in Mobberley, Cheshire.

Mark Anslow, CEO of Pemberstone Ventures said:  ‘We are very excited by the potential of the analogue photography movement and believe that Harman is uniquely placed to drive the resurgent film market into the future.’

Harman’s managing director Peter Elton said: ‘Film has become an interesting medium for young photographers to work with again.

‘We are seeing this very clearly. Our new owners will assist us to connect more effectively to this younger generation in the future, and we will prioritise this as our main goal over the next five years.’

Elton added: ‘We remain totally committed to analogue photography, and indeed to all forms of imaging. Our product range is uniquely stable and of the highest quality, and we can assure all of our customers that we will continue to support them in our customary way for the foreseeable future.’

Financial details of the deal have not been released.

The Ilford Photo brand was brought back to life in a management buyout 10 years ago, after Ilford Imaging UK went into receivership in 2004.