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Eastman Kodak To Become Sole Owner of KPG

(January 2005) posted on Wed Jan 19, 2005

"Presenting one face to the customer"?


Eastman Kodak has announced it will become the sole owner of Kodak Polychrome Graphics (KPG) by purchasing Sun Chemical's 50% interest in the company. KPG will become a wholly owned subsidiary and part of Kodak's Graphic Communications Group, which also includes Kodak Versamark, NexPress, and Encad.

Established in 1998 as a joint venture between Kodak and Sun, KPG is based in Norwalk, CT. It provides monitor and remote-proofing solutions, computer-to-plate products, digital color proofing products, graphic-arts film, and more. KPG has operations on six continents and 4,000 employees worldwide.

"This transaction is a major step toward delivering on our intent of presenting one face to the customer," says James Langley, president of Kodak's Graphic Communications Group. "KPG's innovative products, established customer relationships, and world-class sales and service organization will dramatically increase our solutions portfolio and global distribution capabilities. Aligning our current and future products and services with KPG's portfolio and extensive distribution capabilities will further establish Kodak as a leading provider of integrated solutions and will strengthen Kodak's position with customers as a company that can provide a broad range of offerings from prepress to finishing."
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The transaction is expected to close in April 2005. Kodak expects this transaction to add approximately $1.1 billion to its revenues this year. (Eastman Kodak: www.kodak.com, KPG: www.kpgraphics.com)


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