Kodak Sells off Gelatin business as part of restructuring (WSJ)
Kodak said it was selling off its Eastman Gelatine Corp. business to Rousselot, part of Vion Food Group for an undisclosed sum.
The Kodak subsidiary dates back to 1817 and makes gelatin for printing, imaging, food and pharmaceutical purposes. Kodak bought the company, at one time named The American Glue Company, in 1930 when its film business was thriving. As film sales started to wane, the company branched out more aggressively into other areas like food and pharmaceuticals.
The sale also includes a 575,000-square-foot production facility in Peabody, Mass., where the company makes gelatin made from cattle bones
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