Kodak sells microfilm business
Continuing its migration to digital, Eastman Kodak Company has completed the sale of certain assets of its microfilm products and equipment business to Eastman Park Micrographics, Inc.
Eastman Park Micrographics provides products and services related to archival storage, retrieval, restoration and preservation of historical documents and records in county recorder offices throughout the US.
The sale includes agreements for Kodak to continue supplying current microfilms, as well as to provide service and support for microfilm equipment. It also includes Kodak’s US data conversion services business, which converts data between analog and digital formats.
The sale does not include Kodak’s Document Imaging business,
document scanners, capture software, information capture solutions, and services.
Tony Barbeau, Kodak’s General Manager, Document Imaging, said microfilm remains unrivaled for long-term archival storage of vital records.
“Kodak is the longtime leader in this business, and we will continue to supply the same microfilm products, made in the same manufacturing facilities, and to the same high quality standards to which the industry has been accustomed,” he said.
“Eastman Park Micrographics is strongly committed to this microfilm business,” said William (Sonny) Oates, Chief Executive Officer of Eastman Park Micrographics. “We see excellent prospects for long-term growth. Eastman Park Micrographics is committed to investing in the business to support its further development. We are looking forward to the opportunity to continue providing customers with the high levels of quality and satisfaction established by Kodak.”
Kodak has previously communicated that it would be selling non-core assets to generate cash to fund the completion of its transformation to a digital company.