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Kodak Completes Sale of Flexographic Packaging Division to Montagu

Proceeds at close were approximately $320 million.

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By: Anthony Locicero

Copy editor, New York Post

Eastman Kodak Company and Montagu Private Equity LLP announced the completion of the sale of Kodak’s Flexographic Packaging Division. Now part of Montagu’s portfolio, the division operates as a standalone company known as Miraclon. As previously announced, Kodak’s flexographic leadership team has transitioned as part of the deal and will continue to directly manage this business. Proceeds at close were approximately $320 million, which included the gross purchase price of $340 million less agre...

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