Kodak Strengthens its Inkjet Capabilities with Acquisition of Graphic Systems Services Inc.
30 Maio 2023 - 5:15PM
Business Wire
The transaction improves Kodak’s ability to reliably develop
and deliver leading-edge inkjet solutions
Kodak today announced it has acquired Graphic Systems Services
Inc. (GSS), a leading provider of web inkjet press transport
systems and other print-related components and engineering
services. The acquisition reflects Kodak’s ongoing investment in
digital print technology, giving the company greater control over
its supply chain for inkjet press components and additional
engineering expertise as it seeks to expand its growing portfolio
of inkjet presses.
Kodak recently showcased its new KODAK PROSPER ULTRA 520 Press
at the Hunkeler Innovationdays print industry event. Powered by
Kodak’s proprietary ULTRASTREAM continuous inkjet writing system,
the PROSPER ULTRA 520 Press rivals offset by providing breakthrough
image quality (comparable to 200 lpi offset) at production speeds
(152 mpm).
GSS is a longtime Kodak vendor, providing leading-edge transport
systems for the KODAK PROSPER Press line, including the KODAK
PROSPER ULTRA 520 Press and KODAK PROSPER 7000 Turbo Press. GSS is
located in Springboro, Ohio, near Kodak’s inkjet design and
manufacturing hub in Dayton, Ohio.
“Having an in-house source of transport systems and additional
expertise from an industry leader like GSS will immediately make
our inkjet business stronger and more sustainable,” said Jim
Continenza, Kodak’s Executive Chairman and CEO. “As business
conditions continue to be challenging, now is the time to control
our own destiny and mitigate supply chain risks to ensure reliable
delivery of presses to our customers. Looking forward, our ability
to leverage GSS’s skills and resources will be extremely valuable
as we continue to focus on expanding our inkjet portfolio and
providing completely integrated inkjet solutions.”
“Over our 20 years of working together, we have developed a very
close working relationship with Kodak,” said Dan Green, President
and CEO of GSS. “Our employees are enthusiastic about Kodak’s
decision to acquire GSS. Our portfolio of inkjet transport systems
and other components, along with our manufacturing expertise and
engineering consulting services, will help Kodak further strengthen
their position as a leader in inkjet technology.”
About Kodak
Kodak (NYSE: KODK) is a leading global manufacturer focused on
commercial print and advanced materials & chemicals. With
79,000 worldwide patents earned over 130 years of R&D, we
believe in the power of technology and science to enhance what the
world sees and creates. Our innovative, award-winning products,
combined with our customer-first approach, make us the partner of
choice for commercial printers worldwide. Kodak is committed to
environmental stewardship, including industry leadership in
developing sustainable solutions for print. For additional
information on Kodak, visit us at kodak.com, or follow us on
Twitter @Kodak and LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20230530005566/en/
Media: Kurt Jaeckel, Kodak, +1 585-490-8646,
kurt.jaeckel@kodak.com
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