Typhoon hits Logitek in wake of Osmosis fall-out
The wheel of fortune has a funny way of turning
An ironic twist of fate has seen Osmosis lose the UK distribution of Typhoon products to rival distie Logitek. Typhoon's multimedia tools will be distributed by the Lancashire company from today. Logitek said it was approached by Hong Kong Typhoon parent company Anubis and given the contract for the £2 million-a-year brand. The move followed Osmosis pulling out of hardware late last month to try and stem its financial troubles. At the time, the Middlesex-based distributor blamed bad debts, some of which stemmed from the collapse of fellow companies Roldec and Memsolve. Both these businesses went down owing millions to creditors earlier this year. At the press conference in April, Osmosis admitted it was in dire financial straits, but pledged to honour all creditors. Chris Walmsley, former Memsolve sales and marketing manager, is now a sales manager at Logitek distribution. He said: "We are very excited by the potential and it shows we're making progress." ®
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