FMN | September 3rd, 2018

An N.V. Publication FLEX

September 3, 2018

Vol. 20 No. 18

Market News

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Serving The Flexographic Printing Industry In Print and Online at www.nvpublications.com

Future Of Flexo Initiative Plans Gala Event reported by Greg Kishbaugh TT he Future of Flexo Initiative, a consortium of industry lead- ers that actively promotes the future health of the flexo in- dustry through scholarships to university students studying flexo, will be sponsoring a gala and fundraiser to be held dur- ing the upcoming Labelexpo Americas show in Rosemont, Illi-

Kodak Plans To Sell Flexo Division Kodak announced it has begun a process to sell its Flexographic Pack- aging Division.The company has en- gaged UBS Investment Bank as its financial adviser for the transaction. Kodak’s Flexographic Packaging Division (FPD) produces and mar- kets the FLEXCEL NX system of flex- ographic imaging equipment, printing plates, consumables and re- lated services. For the last twelve months, FPD reported revenues of $150 million and Operational EBIT- DA of $33 million. During this peri- od, FPD has achieved a 9 percent increase in revenue and 18 percent Operational EBITDA growth. FPD currently employs a staff of approxi- mately 300 people. During the sale process, Kodak will reportedly continue to make investments in FPD by expand- ing manufacturing capacity, de- veloping advanced technology and increasing its headcount to meet customer needs. Kodak also announced it had en- tered into a non-binding letter of in-

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nois.The event is scheduled to begin at 5:30 at the Rosemont Theater on Wednesday, September 26, at the close of Labelex- po’s second day. The Future of Flexo Initiative, founded by OMET Americas, Inc., is a consortium of flexographic suppliers and printers that support the flexographic printing and packaging industries’

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