Kodak Alaris Reportedly to be Sold

According to Sky News, Kodak Alaris, which markets document-scanning solutions, and photo film and paper, is up for sale by its owners, the U.K. Pension Protection Fund.

In 2012, Kodak Alaris was spun off of Eastman Kodak when Eastman Kodak filed for bankruptcy in order to satisfy the $2.8 billion that Kodak owed the U.K. Pension Plan.

According to Sky News: “The Pension Protection Fund is close to hiring bankers to oversee a sale of the photographic equipment company it took ownership of in 2020…” 

Overall, Kodak Alaris has reported improved recent financial results. For its fiscal year that ended on March 31, 2022, Kodak Alaris had reported a loss of $17 million, compared to a loss of $39 million for the previous fiscal year. Revenue was $510 million, compared to $419 million for the previous fiscal year.

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