Info Regarding RMGI/Pyral

[ironbut]

In case any of you guys were wondering what was up with RMGI lately, here's a email that Jay McKnight posted to the Ampex list this week.
It comes from the US distributor of RMGI/Pyral.

Hello Analog Magnetic Tape Recordists,

As you may or may not have heard, there are some changes at the analog
tape maker RMG. Since there are only two analog tape makers, and our
businesses depend on their continued existence, I had asked "Can you
give us some accurate information to distribute", and here it is:




"March 11, 2015

"Dear RMGI Customer,

"I want to bring you up to date on the new situation regarding our
production in France of analog recording
tape.

"As you know, in 2011 the RMGI factory in the Netherlands was purchased by
Pyral and move to their
new facility in France. Pyral had invested over $2,000,000 in a new building
to house the coating and
production lines. There was also over a one year supply of tape moved to
Pyral to meet the market
demands while the coating and production were being re-assembled in France.

"After numerous cost overruns that had not been anticipated such as the
installation of a new solvent
recovery system with a cost of over $250,000, Pyral has operated under
Chapter 11 protection in 2013-
2014.

"In January of this year the court ordered that Pyral assets to be sold to
Mulann Industries. Mulann
Industries is a manufacturer of production and testing equipment for the
credit card, ticketing and smart
card industries.

"On March 4th I meet with the new owner of Pyral and his Sales
Director in Chicago. He has assured me the continued production of
Analog Recording tape. Mulann Industries, with a new management team
is committed to improved delivery time and size carefully the
inventory at the factory. Effective immediately, Mulann Industries
will deliver only tape with the Pyral Brand.

"RMGI Americas will continue to be the distributor for the Pyral Analog
Recording Studio Recording
Tape.

"Thank you for your continued support of RMGI\Pyral Studio Tape. If you have
any questions, don't
hesitate to contact me.

"Regards,
"Don Morris
"RMGI Americas

"Phone 847-812-5727
"[email protected]"

[Listens2tubes]

I just bought 3 pancakes of Pyral RMGI LPR35 from an ebay seller in Latvia http://www.ebay.com/itm/131460800551?_trksid=p2055119.m1438.l2649&ssPageName=STRK%3AMEBIDX%3AIT. They show Pyral boxes and note a 1-2 week restock. No affiliation.

[MylesAstor]

In case any of you guys were wondering what was up with RMGI lately, here's a email that Jay McKnight posted to the Ampex list this week.
It comes from the US distributor of RMGI/Pyral.

Hello Analog Magnetic Tape Recordists,

As you may or may not have heard, there are some changes at the analog
tape maker RMG. Since there are only two analog tape makers, and our
businesses depend on their continued existence, I had asked "Can you
give us some accurate information to distribute", and here it is:




"March 11, 2015

"Dear RMGI Customer,

"I want to bring you up to date on the new situation regarding our
production in France of analog recording
tape.

"As you know, in 2011 the RMGI factory in the Netherlands was purchased by
Pyral and move to their
new facility in France. Pyral had invested over $2,000,000 in a new building
to house the coating and
production lines. There was also over a one year supply of tape moved to
Pyral to meet the market
demands while the coating and production were being re-assembled in France.

"After numerous cost overruns that had not been anticipated such as the
installation of a new solvent
recovery system with a cost of over $250,000, Pyral has operated under
Chapter 11 protection in 2013-
2014.

"In January of this year the court ordered that Pyral assets to be sold to
Mulann Industries. Mulann
Industries is a manufacturer of production and testing equipment for the
credit card, ticketing and smart
card industries.

"On March 4th I meet with the new owner of Pyral and his Sales
Director in Chicago. He has assured me the continued production of
Analog Recording tape. Mulann Industries, with a new management team
is committed to improved delivery time and size carefully the
inventory at the factory. Effective immediately, Mulann Industries
will deliver only tape with the Pyral Brand.

"RMGI Americas will continue to be the distributor for the Pyral Analog
Recording Studio Recording
Tape.

"Thank you for your continued support of RMGI\Pyral Studio Tape. If you have
any questions, don't
hesitate to contact me.

"Regards,
"Don Morris
"RMGI Americas

"Phone 847-812-5727
"[email protected]"

Doesn't seem to instill a lot of faith in me. Far from a ringing endorsement and it seems people are still waiting on orders.

[Blunderbus]

Sounds troublesome.

Pyral sold to Mulann, a manufacturer of production and testing equipment for credit card ticketing and smart card industries?!

Not exactly the kind of business synergy that comes to mind for a buyer of recording tape.

Perhaps Mulann needs a tax write off.

Or maybe their executives need more red tape to cut through and nobody told them the color is brown.

Sales of red Krylon spray paint may sky rocket.

This is not a stock tip, or stock advice.