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Kodak UK pension plan resurrects Kodak assets, forms new company

updated 04:18 pm EDT, Wed September 4, 2013

Kodak Alaris formed out of ashes of pre-bankruptcy Kodak

The UK Kodak Pension Plan has completed its acquisition of the Kodak Personalised Imaging and Document Imaging businesses during the Kodak bankruptcy process, and has spawned a new company, which will be known as Kodak Alaris. Kodak Alaris, which has a perpetual licence to use the Kodak brand, will focus on strategic, ongoing investments for the businesses sold during the bankruptcy process to ensure long-term growth and success as well as continued financial feeding of the pension plan for retired Kodak employees in the UK, who would have received little, if anything, under the terms of the bankruptcy restructuring.

Kodak Alaris' Personalised Imaging business consists of Retail Systems Solutions, focusing on retail photo kiosks and dry lab systems; Paper & Output Systems, offering photo specialty retailers, professional and wholesale labs, and photographers a portfolio of traditional photographic paper and workflow solutions; Film Capture, offering consumers and professionals a range of still-camera film products; and Event Imaging Solutions, providing digital souvenir photography services and solutions at theme parks, iconic destinations, resorts and other markets worldwide.

Kodak Alaris' Document Imaging business enables customers to collect data, route it within an organisation, help analyze the information, and extract content through the use of technological systems and solutions. Offerings include document scanners and capture software, information management platforms, an expanding range of professional services, and service and support for provided solutions. Kodak Alaris' Document Imaging business delivers automated business processes, enhancing customer experience management and enabling better business decisions.

Dennis Olbrich, president of Kodak Alaris' Personalised Imaging business, and Dolores Kruchten, president of Kodak Alaris' Document Imaging business, will provide leadership for Kodak Alaris. Kodak Alaris will have more than 4,700 employees in approximately 30 countries with expected revenue of more than $1.3 billion.

"Our new owner shares the same high commitment to our Kodak Alaris' Personalised Imaging and Document Imaging customers, which is what makes the future of Kodak Alaris so exciting," said Olbrich. "As we celebrate this critical step on our journey, the priority is to continue to meet and exceed the needs of customers and consumers."



By Electronista Staff
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