Kodak – Agreement with private equity firm for sale of flexo pack division

USA/UNITED KINGDOM • The Eastman Kodak Company has entered into a definitive agreement to sell its Flexographic Packaging Division to Montagu Private Equity LLP, a private equity firm headquartered in London. This was announced by Montagu on November, 12th.  The transaction is expected to close in the first half of 2019, subject to the receipt of required regulatory approvals and satisfaction of closing conditions. Kodak expects to receive total value of up to USD 390 million.

After closing, the business will operate as a new standalone company which will develop, manufacture and sell flexographic products, including the Kodak Flexcel NX System, to the packaging print segment.


Under its new ownership, the business will have the same organizational structure, management team and growth culture that has served Kodak’s Flexographic Packaging Division well in recent years. Chris Payne, who has served as President of the Flexographic Packaging Division for the last three years, will lead the new company as CEO.

Montagu Private Equity

Montagu, a European private equity firm, is headquartered in London with offices in Frankfurt, Paris, Warsaw and Luxembourg. Founded in 1968 as a division of british Midland Bank, it is today indirectly owned by Montagu’s management team. 2017 it was reported that Montagu has over EUR 4 billion of fund assets under management. It has invested in over 400 businesses over the last four decades.


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