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Wednesday, May 01, 2013

Kodak to Sell its Film Business to KPP

Kodak has announced a comprehensive settlement agreement with the UK Kodak Pension Plan (KPP), its largest creditor, providing for the spin-off of Kodak’s Personalised Imaging and Document Imaging businesses to KPP for $650 million. The Personalised Imaging business includes still camera film products, photographic papers, retail print solutions and souvenir photo products sold at theme parks and other venues. The Document Imaging business provides a portfolio of scanners, capture software and services to enterprise customers. At present it is unclear what KPP intends to do with these businesses.

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