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Eastman Kodak has announced its acquisition of the printing technology assets of a Massachusetts optical systems manufacturer.

The printing and chemicals company, long known for its dominance in photography film, said the agreement with ECRM Inc. would strengthen its position in the commercial printing sector.

Under the deal, Kodak absorbed ECRM’s computer-to-plate device business, including its equipment, contracts, inventory, and intellectual property. Computer-to-plate, or CTP, is deployed in systems used by newspapers and graphic arts developers.

Kodak officials said the transaction reflects the company’s “commitment to the printing industry and our focus on investing in growth.” 

“Acquiring these assets of an impressive company like ECRM makes us an even stronger player in the CTP category and we will continue to look for ways to better serve customers across the spectrum of traditional and digital print,” Kodak Executive Chairman and CEO Jim Continenza said in the announcement.

ECRM officials said the company elected to protect the business’ long-term customers with “an established company of appropriate size, CTP competence, and resources” in the wake of the COVID-19 pandemic. The company’s laser-based optical systems are used for production equipment and medical devices.

“We are pleased today to place our company assets with Kodak,” said ECRM Chairman and CEO Rick Black.

Terms of the deal were not disclosed.

Image Credit: ECRM

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