Kodak grows in the packaging segment

Eastman Kodak Company has completed its acquisition of Tokyo Ohka Kogyo Co Ltd (TOK) in a move that expands its capability in the packaging industry, seen as a key growth segment for the company.
 
The relief plate business includes flexography, letterpress, Braille and molding plate products produced and marketed by TOK worldwide.  Included in the acquisition agreement is a manufacturing plant and development facility located in Yamanashi Prefecture, west of Tokyo, which produces relief plates.  The newly acquired business is now a part of Kodak’s Prepress Solutions business and will conduct business under the name of Yamanashi RPB Supply Company.
 
‘Kodak is strongly committed to the packaging industry and we see growing demand, especially in the Asia-Pacific region,’ said Douglas Edwards, vice president and general manager of Prepress Solutions at Kodak.  ‘Delivering solutions for the packaging industry is one of Kodak’s key corporate growth initiatives, and we expect to double revenues in this segment by 2012.’
 
The 100 employees who were part of TOK’s relief plates business, most of them located in Yamanashi, have joined Kodak.  ‘We are delighted to add TOK’s talented employees to our existing team,’ said Edwards.