Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Kodak expecting fast deal as film division put up for sale

Kodak expecting fast deal as film division put up for sale

Thu, 07 Feb 2019 | BUSINESS SALE

Kodak Alaris has revealed that it is in the "advanced stages of negotiations" with potential buyers after putting its film division up for sale.

The Hertfordshire-based company that is responsible for the manufacture of Kodak photographic suppliers has reportedly been put up for sale. The firm revealed that a deal for its Paper, Photochemicals and Film (PPA) unit is expected to be completed by the end of March following high levels of interest from potential buyers.

Kodak's paper chemistry and film business is currently valued at around £34 million and has been on the market since January 2018, following which it was approached by multiple prospective buyers.

"Management is actively marketing the business and expects to complete a sale of the PPF business before 31 March, 2019," the company's financial report confirmed, "We are in advanced discussions with a bidder to sell the PPF business and all of its assets," added company chairman Mark Elliott."

Founded in 2013 after Eastman Kodak filed for bankruptcy, Kodak Alaris was formed with the UK Kodak Pension Plan (KPP) to resolve a claim of £2.8 billion, with KPP the firm's sole shareholder. The company is responsible for marketing Kodak photographic and business products, but not the Kodak company's camera line.

The fund has a deficit of £1.5 billion and was instructed by trustees to explore its sale to cover some of this loss. Other components of the firm including Kodak Moments, Alaris and AI Foundry, which will not be included in the current sale. However, the sale will not be completed until a satisfactory price has been agreed.

Nigel Moore, chairman of the KPP trustees, confirmed: "If offers reflecting the true value of the business are not received, then ownership of Kodak Alaris will pass to the (Pension Protection Fund) who will manage the asset in the same way as other scheme assets that are acquired."

For more news stories about business sales, click here. For all our business for sale listings, click here.


Share this article



Latest Businesses for Sale

Digital Consultancy Business
UK Wide

The company’s core services cover business analysis, solution design, programme delivery and change management, as well as its award-winning creative services for multimedia content.

Asking Price: Offers Invited
Turnover: £4,640,000

RELOCATABLE


IT Support Consultancy
South of England, UK Wide

Offers extensive IT consultancy services for a range of clients. Well-established across a wide variety of business sectors, providing a first-class service.

Asking Price: Offers Invited
Turnover: £636,000

LEASEHOLD


Work Experience & Career Guidance Services
UK Wide

Utilises innovative work experience management software and a mobile application for students which have been developed entirely in-house and are benefitting from a recent £150k investment. Offers distinguished work experience solutions for the benef...

Asking Price: Offers Invited
Turnover: £903,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
09
 
Apr
 

Topshop flagship store up for sale | COMMERCIAL PROPERTY

Topshop's flagship Oxford Street store in London is dra...

 
09
 
Apr
 

Gestamp’s former Washington warehouse hits the market in £6.5m auction | COMMERCIAL PROPERTY

The former Washington base of international car parts manufa...

 
08
 
Apr
 

Decorating contractor targets acquisitions after MBO | MBO/MBI

Scottish commercial decorating contractor Bell Group has com...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
06
 
Mar
 

Sale sought for Evans Easyspace in administration | ADMINISTRATION

Serviced office firm Evans Easyspace has entered administrat...

 
24
 
Aug
 

Kodak plans to sell sections of imaging business | BUSINESS SALE

Eastman Kodak Co has announced plans to sell off sections of...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.