Sky News reports Britain’s Pension Protection Fund (PPF) is poised to put Kodak Alaris, the photographic and document imaging group, up for sale. Sky News city editor Mark Kleinman writes the PPF, which has owned Kodak Alaris since 2020, “has kicked off talks with bankers about an auction of the company behind the ‘Kodak moments’ made famous by its multinational advertising campaigns.”
The PPF has had an involvement in payments to its retirees since 2013, soon after the company was spun out from Eastman Kodak Co., following Kodak’s bankruptcy filing in 2012.
The business now comprises the Kodak photo kiosks and film division – under the Kodak Moments brand – and Alaris, which makes document scanners and software.
In its accounts for the year to March 31, 2022, Sky News said Kodak Alaris reported a 29% increase in revenues to €130 million, “although the scale of the increase was partly the result of its recovery from the COVID-19 pandemic.”