Sale to Montagu complete, Kodak’s flexo arm rebrands as Miraclon

By 12 Apr 2019

Kodak has completed the sale of its flexo business to Montagu Private Equity in a deal which was finally valued at USD 340-million.

image

Now part of Montagu’s portfolio, the flexo division operates as a standalone company known as Miraclon. As announced earlier, Kodak’s flexographic leadership team has transitioned as part of the deal and will continue to directly manage this business.​

Miraclon’s offering comprises of the development, manufacture and sale of flexo machinery and products, will include Kodak’s flagship Flexcel NX system.

Jim Continenza, executive chairman of Kodak, said, “Closing this sale was a priority for Kodak, and I’m proud we were able to execute on this plan and leverage a homegrown asset. This is one of many steps we are taking to increase our financial stability and focus on generating cash for our shareholders.”

Over the past five years, the flexo pre-press division has grown and thrived within Kodak and become a significant player in the package printing industry.

Kodak has reiterated its commitment to focus on the growth areas of Sonora plates, enterprise inkjet, workflow software and brand licensing, aiming to maximise value in commercial printing, film and advanced materials.


Events

Jun
14

PrintExpo NEW!

Jun 14 - 16 Jun 2019
Hall 2 & 3, Chennai Trade Cent...

Latest Poll

How are Lok Sabha elections affecting the power of print?