Kodak Alaris

Kodak Alaris
Limited
Industry Photography, Digital imaging
Founded 2013
Headquarters Hemel Hempstead, Hertfordshire
Key people
 Marc Jourlait, CEO
Products film, paper, chemicals, digital imaging software and hardware
Website www.kodakalaris.com

Kodak Alaris is a manufacturer and marketer of traditional photographic supplies (including film, paper, and processing chemicals), hardware and software for digital imaging and information management, and retail printing kiosks. The company is headquartered in Hemel Hempstead, Hertfordshire.[1][2] The company shares ownership of the Kodak brand with the Eastman Kodak Company (usually known simply as Kodak).[3]

History

In 2012, Kodak filed for bankruptcy after a years-long decline in the company's core business related to film photography.[4] As part of the bankruptcy, Kodak faced a $2.8 billion claim by the UK Kodak Pension Plan (KPP). The claim was resolved and Kodak Alaris was formed when KPP paid $325 million for Kodak's personalized imaging and document imaging businesses.[5][6][7] KPP continues to control Kodak Alaris as a privately held company through Kodak Alaris Holdings Limited.[8][2]

In 2014, the company appointed Ralf Gerbershagen as CEO.[9]

In 2016, the company launched "Kodak Moments", a visual storytelling app, at the South by Southwest festival.[10]

In 2017, the company appointed Marc Jourlait as CEO, completed a balance sheet restructuring, renewed a rotating credit facility, and completed the sale of a former manufacturing facility in Harrow, London.[3]

References

  1. ↑ "About Us". www.kodakalaris.com. Retrieved 2017-11-29.
  2. 1 2 Mesterharm, James; Roof, Becky (October 2014). "The Restructuring of Kodak: Bringing Two Well-Positioned Companies into Focus". ABF Journal. Retrieved 2017-11-29.
  3. 1 2 Feltner, Kerry (2017-08-14). "Kodak Alaris CEO has a strong focus". Rochester Business Journal. Retrieved 2017-11-30.
  4. ↑ Dickinson, Mike (2017-09-22). "No clear path to success for Kodak". Rochester Business Journal. Retrieved 2017-11-30.
  5. ↑ Szustek, Anne (2013-12-23). "U.K. Kodak Pension Plan Revitalizes Kodak's U.S. Imaging Businesses". Institutional Investor. Retrieved 2017-11-30.
  6. ↑ Brown, Nick; Agrawal, Tanya (2013-09-03). "Kodak emerges from bankruptcy with focus on commercial printing". Reuters. Retrieved 2017-11-30.
  7. ↑ Daneman, Matthew (2013-09-03). "Kodak bankruptcy officially ends". USA TODAY. Retrieved 2017-11-30.
  8. ↑ Cade, DL (2013-09-26). "Kodak Alaris Will Keep the Kodak Legacy Alive, Has 'No Plans' to Stop Selling Film". PetaPixel. Retrieved 2017-11-29.
  9. ↑ Lahman, Sean (2016-05-03). "Kodak Alaris CEO steps down". Rochester Democrat and Chronicle. Retrieved 2017-11-30.
  10. ↑ Monllos, Kristina (2016-03-11). "Kodak Alaris' Immersive 'Memory Observatory' at SXSW Launches Its New Photo-Sharing App". Ad Week. Retrieved 2017-11-30.
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