Kodak to Sell Consumer and Imaging Units, Refocuses on Commercial Printing
Eastman Kodak Company, the iconic film company, has announced changes to the company's core business model as it attempts to emerge from bankruptcy. On Thursday, Kodak said it has begun the process of selling off its consumer-focused Personalized Imaging and Document Imaging businesses.
Kodak, which filed for chapter 11 business reorganization in January of this year, will be selling off the divisions focusing on consumer products, retail printing kiosks and image scanners for enterprises businesses. Antonio Perez, chairman and CEO of Eastman Kodak Company, said he expects the sales to be completed by mid-2013.