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Report: Kodak exploring sale of its flexible-packaging division

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.

Randy Gorbman is WXXI's director of news and public affairs. Randy manages the day-to-day operations of WXXI News on radio, television, and online.