Article: Kodak finalizes Encad acquisition, forming Encad, Inc. -- A Kodak Company; Acquisition creates a complete, dedicated resource serving the wide-format inkjet industry.

M2 PRESSWIRE-24 January 2002-Eastman Kodak: Kodak finalizes Encad acquisition, forming Encad, Inc. -- A Kodak Company; Acquisition creates a complete, dedicated resource serving the wide-format inkjet industry (C)1994-2002 M2 COMMUNICATIONS LTD

RDATE:24012002

ROCHESTER, N.Y., and SAN DIEGO, CA. -- Eastman Kodak Company NYSE: EK) announced today that it has finalized the acquisition of Encad, Inc., forming Encad, Inc. - A Kodak Company. The entity is a wholly owned subsidiary of Kodak that is focused exclusively on the wide-format inkjet printing industry. The purchase price was approximately $25 million, paid with Kodak stock.

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