The bankrupt Eastman Kodak Company has announced that it will sell off its personalised imaging and document-imaging businesses and focus instead on commercial, packaging and functional printing solutions and enterprise services. The sales are expected to be completed in the first half of 2013.
Kodak will retain its consumer inkjet, entertainment imaging, commercial film and speciality chemicals businesses, in addition to the commercial, packaging and functional printing and enterprise services businesses.
The personalised imaging business consists of retail systems solutions, paper and output systems and event imaging solutions; the document-imaging business, meanwhile, includes a comprehensive portfolio of scanners, capture software and services to enterprise customers.
Antonio Perez, chairman and CEO of Kodak, said:
The initiation of a process to sell the personalised imaging and document-imaging businesses is an important step in our company’s reorganisation to focus our business on the commercial markets and enable Kodak to accelerate its momentum toward emergence. In addition, we continue our initiatives to reduce our cost structure and streamline our operating models in an effort to return the company to profitability.