ROCHESTER, N.Y. — Kodak has agreed to sell some of its document imaging assets to Brother Industries Ltd. for about $210 million, its latest deal as it seeks to exit bankruptcy protection.
Japan-based Brother also would assume Kodak’s deferred service revenue liability, which totaled about $67 million as of Dec. 31, the companies said Monday.
Kodak’s document imaging business provides scanners, capture software, and related services. Brother makes laser, label, and multifunction printers, along with fax machines and sewing machines.
Eastman Kodak Co. filed for Chapter 11 bankruptcy protection in January 2012.
The Rochester, N.Y., company said Monday that the document-imaging assets sale is another key step on its path to emerging from bankruptcy protection. It’s the latest deal for Kodak, which in December announced the sale of its digital imaging patents for $525 million.
The document-imaging assets deal remains subject to bankruptcy court approval.