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AgfaPhoto GmbH is a
Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a subcontinent of Eurasia and it is located enti ...
an photographic company, formed in 2004 when
Agfa-Gevaert Agfa-Gevaert N.V. (Agfa) is a Belgian- German multinational corporation that develops, manufactures, and distributes analogue and digital imaging products, software, and systems. It has three divisions: * Agfa Graphics, which offers integrated ...
sold their Consumer Imaging division. Agfa (the former parent company, which merged with film manufacturer Gevaert in 1964) had for many years been well known as a producer of consumer-oriented photographic products including films,
photographic paper Photographic paper is a paper coated with a light-sensitive chemical formula, like photographic film, used for making photographic prints. When photographic paper is exposed to light, it captures a latent image that is then developed to form a ...
s and
camera A camera is an optical instrument that can capture an image. Most cameras can capture 2D images, with some more advanced models being able to capture 3D images. At a basic level, most cameras consist of sealed boxes (the camera body), with a ...
s. However, within a year of the sell-off, AgfaPhoto had filed for bankruptcy.AgfaPhoto files for insolvency
dpreview.com. Article dated 2005-05-27, retrieved 2007-03-04. The various product brands are now being licensed to various companies by the holding firm AgfaPhoto Holding GmbH. Minilab service and chemicals are e.g. now sold by A&O Imaging Solutions, and AgfaPhoto Vista Brand Film is sold by Lupus Imaging & Media.


Management buyout

In 2004, Agfa-Gevaert announced that it had reached a definitive agreement to divest the whole of its Consumer Imaging business in a management
buyout In finance, a buyout is an investment transaction by which the ownership equity of a company, or a majority share of the stock of the company is acquired. The acquiror thereby "buys out" the present equity holders of the target company. A buyo ...
for a purchase price of €175.5 million. The divestment covered the whole of its Consumer Imaging business, including film, finishing products, and lab equipment, grouped in a new company – AgfaPhoto GmbH, as well as the related lease portfolio, in a management buyout. The targeted closing date of the transaction was November 1, 2004. The transaction resulted in a non-cash book loss to Agfa-Gevaert of €430 million, but was cash positive to the extent of €260 million. While the trading environment for both HealthCare and Graphic System divisions improved considerably, the group's half year results were heavily affected by the expected book loss on the divestiture of Consumer Imaging.


AgfaPhoto Holding GmbH

The AgfaPhoto Holding GmbH, headquartered in Leverkusen and Cologne/Germany, is dealing internationally in the consumer imaging sector. Based on a long-term trademark agreement with Agfa-Gevaert NV & Co. KG and Agfa-Gevaert NV, the company is granting sublicenses for the AgfaPhoto-trademark and the Red-Dot-Logo. The following consumer imaging products are offered already with the AgfaPhoto trademark: Digital Cameras & Camcorder, Analog Filmrolls & (Single Use-) Cameras, Flash Memory Cards & USB Drives, Mobile Energy Products, Digital Photo Frames, Minilabs incl. Service & Spare Parts, Optical & Magnetic Storage Media, LCD TV, DVD Players, Pocket Projectors, Binoculars, Cleaning Products, Ink Cartridges, Photo Paper The official claim of the brand: "AgfaPhoto is the personal companion that lets consumers experience the world of images in all its exciting facets and turns the special moments in life into lasting and shareable memories."


See also

*
List of photographic films This is a list of currently available photographic films in a still camera film format. This includes recently discontinued films that remain available from stock at main suppliers. Films are listed by brand name. Still camera photographic films ...
* List of Agfa films with specifications *
Agfa-Gevaert Agfa-Gevaert N.V. (Agfa) is a Belgian- German multinational corporation that develops, manufactures, and distributes analogue and digital imaging products, software, and systems. It has three divisions: * Agfa Graphics, which offers integrated ...
* Agfa digital cameras


References

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External links


Official site

AgfaPhoto Batteries
Chemical companies of Germany Defunct photography companies of Germany Agfa