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October 23
Ilford in Line for Acquisition by Doughty Hanson &
Co.
Today, International Paper announced significant progress with their divestment program for the Imaging Products Division, including a definitive agreement to sell its Anchor pressroom chemicals business to Fuji Hunt Photographic Chemicals, Inc. In the same announcement, International Paper has confirmed that it has entered a period of exclusive negotiations with Doughty Hanson & Co., a UK investment firm, on its possible acquisition of Ilford. Over the past couple of months, Doughty Hanson and Ilford will be working closely together through the necessary due diligence procedures with the expectation concluding a definitive agreement by the end of the year. Doughty Hanson & Co., is the largest private equity investment fund in Europe. Excerpt from Doughty Hanson & Co. press release. For more information contact Julie Sadowski, Ilford, at 201-599-4331 or julie.sadowski@ipaper.com.