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October 15
Kodak and Polychrome Sign Agreement for New Joint Venture
Eastman Kodak Company and Sun Chemical Corporation today announced an agreement in principle to form a new joint venture, Kodak Polychrome Graphics, that will supply film, paper, conventional and computer-to-plate solutions, processing chemistry and digital color proofing products to the global graphic arts market. The new company will be owned equally by Eastman Kodak Company and Sun Chemical. The transaction combines Kodak's Graphic Systems Markets business, currently part of the Kodak Professional Division, with Sun Chemical's Polychrome Division to form Kodak Polychrome Graphics. Kodak Polychrome Graphics will be a global graphic arts supply company positioned to supply over $1 billion in products and services to the market while offering customers a transition path to existing and future digital solutions. The company will offer one of the broadest product and solutions portfolio available today, serving major markets in the U.S., Europe, Latin America and Asia. Excerpt from Kodak press release.