Hard-up Kodak is selling its consumer film, scanner and photo kiosk businesses as part of a restructuring.
Chief executive Antonio Perez announced the news on Thursday, saying Kodak was shedding its personalised imaging and document imaging units as part of restructuring to help the company exit US Chapter 11 bankruptcy protection in 2013.
Personalised imaging includes a network of 105,000 photo kiosks and still camera film units, and its specialty imaging business, which mostly does souvenir photo products. Document imaging includes Kodak’s photographic paper products, scanners and related software.
Perez’s plan is for Kodak to re-focus on its printer, film, chemicals and packaging businesses – markets the firm sees as growth-rich and where Kodak has expertise.
“We are reshaping Kodak,” Perez said in a statement. “We are confident that our competitive advantages in materials science and deposition technologies, as well as our know-how in digital imaging, will enable us to capitalize on those opportunities and extend our leadership in key growth markets.” ®