KPG Completes Acquisition of Mitsubishi Chemical Corp. Japan Plate Business
Press release from the issuing company
Norwalk, Connecticut, USA — Kodak Polychrome Graphics (KPG) announced today that it completed the acquisition of the plate business in Japan of MCC Group (Mitsubishi Chemical Corporation and Mitsubishi Chemical Media, a subsidiary of MCC) on December 1, 2002.
Under terms of the proposed acquisition, MCC will manufacture thermal and conventional plate products for KPG on a contract basis at its Kashima, Japan plant. KPG obtained the right to manufacture and sell products to MCC’s customers and dealers in Japan, as well as a right to sell products to the MCC channel and customers in Asia. Approximately 30 MCC sales, marketing and technical employees transferred to KPG.
"Our highest priority is ensuring continuity in product quality, reliability and supply," said Jeff Jacobson, Chief Executive Officer, KPG. "Customers will be receiving the same high-quality products, manufactured in the same plants and serviced by the same people. We are committed to delivering a smooth transition for customers, dealers and employees."
Terms of the acquisition are not being released.
About Kodak Polychrome Graphics
Kodak Polychrome Graphics provides one of the broadest portfolios of digital, conventional and business solutions available in the graphic arts industry today. Products and services include a wide range of computer-to-plate and conventional lithographic plate products, digital halftone, inkjet, and analog proofing products, digital printing applications, color workflow tools, consulting services and Kodak branded graphic arts films. With headquarters in Norwalk, Connecticut, USA, KPG serves customers around the globe with regional offices in the United States, Europe, Japan, Asia Pacific and Latin America. Additional information regarding Kodak Polychrome Graphics may be found on the company's website: www.kpgraphics.com.
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