In 1983 Leon Weissman turned over his positions as chairman and CEO to Alfred O.P. Leubert. The company continued profitably for some years. Acquisitions were made in order to increase sales. Acquiring companies such as CMX Editing Systems and Aurora Systems did not prove to be profitable in the long run; so much so that in 1991 the company filed for bankruptcy and reorganization. In 1995 new owners took control of the company and appointed Michael I. Wellesley-Wesly as chairman and CEO.