Pelikan’s newest addition to its Classic line dropped last month, bringing a new color combination to the series. That said, the M200 Pastel Blue sticks to the company’s tried and true recipe of “same pen, different color.” That isn’t necessarily a bad thing provided the color appeals to you. Pelikan has been releasing marbled finishes for nearly a century so it’s not surprising to see the tradition continue. Three years after its introduction in 1988, the M200 line was expanded to include Green, Blue, and Gray marbled finishes. More recently, we’ve seen Brown, Gold, and Pastel Green varieties, the last two being amongst the first to be coupled with white resin components. The Pastel Blue does likewise with an ethereal, almost cloud like marbling. No two pens are the same which makes each unique in its own right. The caveat here is that you have to be comfortable with a smaller pen, but the payoff can be huge. The Pastel Blue has serious workhorse potential but there are some pitfalls to consider. Continue reading to figure out if this pen is right for you.
Continue readingMonthly Archives: July 2023
Hamelin’s Intentions Clarified
News of Pelikan International Corporation Berhad’s (PICB) decision to divest itself of its core stationery business back in May sent shock waves through the fountain pen community. Pelikan’s product range is vast, covering a wide array of school and office supply products. While their fine writing instruments division is a much smaller slice of the overall Pelikan pie, it means everything to their fans. Brand fealty aside, Pelikan’s contributions to the writing community over the last century cannot be ignored, especially when you examine just a few key examples amongst their innumerable writing instruments as well as their inks. More recently, the Pelikan Hubs event has become one of the premier social gatherings outside of pen shows for our little coterie. Of course, it hasn’t all been smooth sailing. The brand’s luster has worn, tarnished over the last several years by Pelikan’s failure to invest and modernize their production, some notably inconsistent designs, a lack of exciting nib selections, wide regional pricing disparities, and, perhaps most vexing of all, the discontinuation of the ink view on their Souverän models. Perchance these were all signpost pointing to the eventuality that we find ourselves at today. The Hamelin Group will buy the brand in a sale that is expected to be closed by year’s end. The hopeful believe that this might be the dawn of a new era for Pelikan, heralded by a fresh vision from clear eyed investors and an infusion of capital. The pessimist prognosticates the beginning of the end, a stripping down and dilution of the brand to nothing more than a shadow of its former self. This dour view is sadly informed by experiences with other once famous pen brands which were sold, their heritage and brand integrity squandered for profit. Which direction will Pelikan end up going? Only time will tell but I have gained some insight as to which direction we may be heading. As I alluded to in a prior post, I reached out to Hamelin to try and clarify their intentions for the brand. What I learned was somewhat heartening. Read on to find out what Hamelin had to say for itself.
Continue readingAssorted Goings On In Hannover
On occasion, tidbits of information will trickle out of Germany, each one not really worthy of a dedicated post of its own, but the aggregate sometimes makes for interesting reading. Obviously, we are all still processing the news regarding Pelikan International Corporation Berhad’s sale of their core stationery business and are anxiously waiting to see what the new French caretakers of the brand will do with our beloved fine writing instruments. Personally, I feel like we are engrossed in some kind of action movie, apprehensive about what kind of fate might befall our beloved hero. We will simply have to be patient and wait to see what happens, but I would caution everyone to try and maintain a neutral stance until more information comes to light. To that end, I will tell you that I have reached out to the Hamelin Group for comment on the situation. While I don’t expect much in return, I will continue to pursue any leads that I find and report back to you. Since there is not much more to report on that front at the moment, here are a few tidbits to tide you over in the meantime.
Continue readingPelikan To Be Sold To The Hamelin Group
On May 23rd, Pelikan announced that it was, “currently in negotiations with prospective strategic buyers to dispose substantially all its assets and business interest.” To this end, they hired KAF Investment Bank Berhad to advise and negotiate the terms of the transaction. The news took many by surprise and was met with quite a buzz in the industry. There has been a lot of speculation about who the prospective buyer might be. We now know that Holdham SAS, a holding company for the French based Hamelin stationery group, has entered into an agreement with Pelikan International Corporation Berhad (PICB) to acquire the Pelikan Group GMBH (PGG) which will allow PICB to exit its core stationery business. Many regulatory hurdles still have to be overcome in Germany and PICB’s shareholders will need to vote in order to approve the acquisition, but the deal is expected to proceed unimpeded with finalization anticipated for some time in the fourth quarter of this year, tentatively before the end of October. Â PICB also needs to carveout a number of its assets that are not included in the acquisition (e.g. Pelikan Procurement Sen Bhd, Pelikan Taiwan Co. Ltd., eCom Logistic GmbH, MOLKARI, and Kruezer Produktion + Vertrieb GmbH). The sale price has been reported at 136 million euros ($148.5 million) which Hamelin will pay in cash. The bulk of the proceeds are to be distributed to the company’s shareholders. In yesterday’s filing with Bursa Malaysia, Pelikan cited challenges with their distribution channels, production technology, and the global economy as the rationale for selling the brand which they’ve held onto since 2005. Wholesalers, Pelikan’s main customers in the past, have increasingly been replaced by more direct distribution channels, a change that has resulted in high complexity and increased margin pressures. At the end of the day, Pelikan felt that they lacked the resources necessary to continue to invest into the changes within those channels resulting in the company being less competitive in the global marketplace. Read on to learn just how the deal is expected to unfold.
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