Kodak Acquires the Assets of ECRM Incorporated’s CTP Business
April 19 2021 - 9:25AM
Business Wire
Eastman Kodak announced today it has acquired the assets of ECRM
Incorporated’s CTP (computer-to-plate) device business for the
graphic arts and newspaper industries. Based in Massachusetts, ECRM
is a world-class manufacturing company and a global leader in
imaging technologies for the graphic communications industry. The
transaction includes the equipment, contracts, inventory and
intellectual property of the acquired business. The financial terms
of the transaction were not disclosed.
Kodak is a leader in commercial print, offering a comprehensive
portfolio of traditional and digital solutions that help printers
increase their productivity and profitability. The acquisition will
further strengthen Kodak’s position in the CTP segment of the
commercial printing industry.
“This acquisition reflects Kodak’s commitment to the printing
industry and our focus on investing in growth,” said Jim
Continenza, Kodak’s Executive Chairman and CEO. “Acquiring these
assets of an impressive company like ECRM makes us an even stronger
player in the CTP category and we will continue to look for ways to
better serve customers across the spectrum of traditional and
digital print.”
“In the wake of a challenging pandemic year, and on the
anniversary of ECRM’s 50th year, we decided that this is a good
time to rest on our past successes, yet protect and service our
many long-term customers with an established company of appropriate
size, CTP competence, and resources. We are pleased today to place
our company assets with Kodak,” said Rick Black, Chairman and CEO
of ECRM.
About Kodak
Kodak is a global technology company focused on print and
advanced materials & chemicals. We provide industry-leading
hardware, software, consumables and services primarily to customers
in commercial print, packaging, publishing, manufacturing and
entertainment. We are committed to environmental stewardship and
ongoing leadership in developing sustainable solutions. Our broad
portfolio of superior products, responsive support and world-class
R&D make Kodak solutions a smart investment for customers
looking to improve their profitability and drive growth. For
additional information on Kodak, visit us at Kodak.com and engage
with us on Twitter @KodakPrint and on LinkedIn at Kodak
Print.
Kodak is a trademark of Eastman Kodak Company.
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version on businesswire.com: https://www.businesswire.com/news/home/20210419005544/en/
Media Contact: Kurt Jaeckel,
Kodak, +1 585-490-8646, kurt.jaeckel@kodak.com
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