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Kodak acquires longtime vendor Graphic Systems Services Inc.
Kodak acquires longtime vendor Graphic Systems Services Inc.
Eastman Kodak Co. has acquired Graphic Systems Services Inc., a provider of web inkjet press transport systems and other print-related components and engineering services.
Company leaders said 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.
Financial details were not disclosed.
GSS is located in Springboro, Ohio, near Kodak’s inkjet design and manufacturing hub in Dayton.
The business is a longtime Kodak vendor, providing transport systems for the KODAK PROSPER Press line, including the KODAK PROSPER ULTRA 520 Press and KODAK PROSPER 7000 Turbo Press.
“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.
The deal gives Kodak the ability to mitigate supply chain risks during challenging business conditions, ensuring reliable delivery of presses to its customers, he noted.
“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,” Continenza said.
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