FMN | September 3rd, 2018

An N.V. Publication FLEX

September 3, 2018

Vol. 20 No. 18

Market News


Serving The Flexographic Printing Industry In Print and Online at

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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