SUPPLIER news

Sun Chemical has finalized the previously announced redemption of its 50 percent share in Kodak Polychrome Graphics (KPG), a joint venture established in 1988 between Eastman Kodak and Sun Chemical. Prior to the completion of the stock redemption, Sun Chemical and Kodak had each owned half of KPG. Cash payments for the redemption total $816.5 million, to be paid over several years ($316.5 million was received at the closing). As part of the agreement, existing sales and distribution arrangements between KPG and Sun Chemical will remain in place. The KPG business is now an integrated part of Kodak's Graphic Communications Group.