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Eastman Kodak closed the sale of its flexographic packaging division to Montagu Private Equity, which now operates as standalone company Miraclon. Kodak receives about $320 million in proceeds; the deal was first announced in November 2018.
Eastman Kodak agreed to sell its Flexographic Packaging Division to private equity firm Montagu for a base price of $340 million, with up to $390 million total including earn-outs and prepayments.
Astorg agreed to acquire drug delivery device maker Nemera from Montagu Private Equity, and Montagu elected to reinvest as an equal partner alongside Astorg and management. Nemera operates four manufacturing sites in France, Germany and the US and employs 1,950 FTEs. Terms were not disclosed.