The Kodak S series Propser
Having put its inkjet business up for sale, Kodak is now in talks with prospective buyers.
Included in the sale are the Prosper presses, Prosper S series imprinting heads and its recently announced next generation inkjet technology Ultrastream http://bit.ly/1TNpzlA.
Chief executive Jeff Clarke cited the need for a business with a ‘larger sales and distribution footprint in digital printing markets’ to take full advantage of the technologies’ potential’. Mr Clarke added that the company had received ‘strategic interest in the business from companies and their financial representatives’.
The sale process is being managed by investment bank Sagent Advisors and corporate finance adviser DC Advisory, both of which are part owned by Japanese investment bank Daiwa Securities.
Kodak will continue to invest in the business during the sale process. It provided no details on the timescale, price or potential buyers.
After the sale of its inkjet division the company will retain printing interests in workflow, toner-based digital printing and litho and flexo plates and platemaking equipment.
The company also announced that it has dropped the development of silver metal mesh, a technology used in touch screens, in favour of copper metal mesh, which it said was a more cost effective and better suited to larger screens.
Who’s who in the race for Kodak’s inkjet business? Find out here http://bit.ly/1nNYXTA
