Kodak Will Sell Imaging Units and Focus on Printing
ROCHESTER, NY—Eastman Kodak plans to sell its document imaging and personalized imaging businesses in order to focus on printing and business services. The sale of these units, combined with cost-cutting initiatives and the auctioning of its patent portfolio, will help it emerge from Chapter 11 bankruptcy protection sometime in 2013.
The firm’s document imaging division manufactures scanners and related software. The personalized imaging business includes photo paper and still camera film products, as well as souvenir photo products at various venues and theme parks.
Antonio Perez, chairman and CEO of Kodak, said the planned sale is an important step in the company’s reorganization to focus its business on the commercial markets. Kodak filed for bankruptcy protection in January.