Kodak as part of its ongoing recovery efforts from bankruptcy, the company has announced its plans to sell its film, commercial scanner and photo kiosk businesses and shift its focus to commercial printing. The proposed sale moved taken alongside with the company’s current digital imaging patent auction.
The company’s Chief Executive Antonio Perez said in a conference call Thursday that sales of the business units will be complete by mid-2013. “For ensuring sufficient funding for successful emergence (from bankruptcy), the sale of these businesses is important in that regard,” he added.
The businesses to be sold are Kodak’s personalized imaging business, which includes most consumer products and retail printing kiosks, and its document imaging business, which makes scanners for enterprise customers.