breaking news

Multiple officers shot in Pennsylvania

Kodak projects up to $17M loss in sale of Kettering location

Eastman Kodak Co. expects to take a loss between $12 million and $17 million in restructuring and related charges if it completes the sale of its Kettering-based Prosper print business, the company said in a federal filing.

The company announced in March 2016 that it wanted to sell the commercial inkjet business, which accounts for more than $80 million in sales for Kodak.

About 400 people work at Kodak’s office and labs at the Miami Research Park in Kettering and a major part of its business there is the Prosper inkjet program. The site is Kodak’s largest operation outside of its headquarters in Rochester, N.Y.

In its most recent quarterly earnings report released in November, Kodak CEO Jeff Clarke said the company continues to shop its Prosper inkjet business and the company said the deal should be finalized sometime this year.

Kodak expects that between $3 million and $5 million in separation benefits costs for employees at the Kettering plant will require cash expenditures related to special termination benefits from the company’s pension plans, the Rochester Democrat and Chronicle reported.

When Kodak purchased the Kettering inkjet operation, the products developed and manufactured there were called Versamark. After the acquisition, Kodak invested in new technology development in Kettering that is now known as Prosper.

The company introduced the Kodak Prosper 1000 Plus Press in February 2015, calling the product developed in Kettering “the world’s fastest black and white inkjet press.” The Prosper press can print at speeds up to 4,364 pages per minute, allowing book publishers to produce shorter print runs more quickly and profitably, officials said.

Founded in 1880, Kodak was a pioneer in the print and movie film industries. In recent times, the company has struggled as more people use digital products. Since 2012, the company has laid off more than 3,500 employees in the United States.


» Liquidation discount store expands at new location

» Billion dollar Dayton supply company names new CEO

» Graeter’s teams up with brewery to make ice cream beer

» The Limited parent company files for bankruptcy

» Kroger looks to hire 10K permanent positions

Reader Comments ...

Next Up in Business

Meet the 2017 winners of’s Best of Dayton poll
Meet the 2017 winners of’s Best of Dayton poll

We know you’ve been waiting.  After thousands of nominations, even more votes, and careful tallying, winners of the Best of 2017 poll were announced at 8 a.m. Thursday, Jan. 18. With more than 100 categories, you’ll find winners from Best Burger and Best Pizza to Best Happy Hour and Best Bar Bathroom.
Quitting smoking? Local Walmart stores to offer free health screenings
Quitting smoking? Local Walmart stores to offer free health screenings

Local Walmart stores are making it easier to get healthy in 2018. Dayton area Walmart stores will be hosting the first Walmart Wellness Day event of the year on Saturday. The free health screening event provides residents an opportunity to learn health information about themselves. Free screenings will measure:Blood glucose Blood pressure Body mass...
Moraine pet clinic property sold for $5M
Moraine pet clinic property sold for $5M

The property of the Med Vet veterinary health center in Moraine was recently sold for nearly $5.1 million, local property records show. Broadstone MV Portfolio LLC bought the MedVet property — the clinic building and nearly 2 acres of property — at 2714 West Springboro Pike from MVA Real Estate Group Ltd for $5,094,557, according to Montgomery...
‘Bad news’ for the city: 7 reactions to Good Samaritan Hospital’s closure
‘Bad news’ for the city: 7 reactions to Good Samaritan Hospital’s closure

Premier Health announced Wednesday that Good Samaritan Hospital in Dayton will close by the end of the year, shocking employees and community members in the Miami Valley. Good Samaritan Hospital will close by the end of 2018, impacting about 1,600 employees. The news came as a surprise to city officials, hospital employees and patients. Premier...
West Chester restaurant property sells for $2.55M
West Chester restaurant property sells for $2.55M

A West Chester Twp. restaurant property has sold for more than $2.5 million, a real estate investment firm said. Texas Roadhouse, at 7309 Kingsgate Way, sold for nearly $2.55 million in an all-cash transaction, according to Marcus & Millichap, a California-based real estate investment services firm. The restaurant is a 7,163-square foot net-leased...
More Stories