WXXI AM News

Report: Kodak exploring sale of its flexible-packaging division

Jul 26, 2018

A report in the Wall Street Journal says that Kodak is exploring a possible sale of its flexible-packaging business.

The WSJ quotes a source as saying that division, which makes labeling and packaging equipment, could potentially  generate $400 million in a sale.

The Journal says the sales process is at an early stage and there is no guarantee there will be a deal.

The flexible-packaging business makes printing plates that are used to label packaging for consumer goods.

A spokesman for Kodak tells WXXI News that the company does not comment on rumor or speculation about merger and acquisition activity.