The deal is contingent on Kodak being able to sell its patent portfolio for at least $500 million. The has several hundred employees in Kettering who design and make large commercial inkjet printers, which it has said it plans to keep.
Under the deal, Kodak would borrow the money from a private investment firm, Centerbridge Partners; GSO Capital Partners, which is a subsidiary of The Blackstone Group; and banks JPMorgan Chase & Co. and UBS AG. ASSOCIATED PRESS
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Dermatopathology Laboratory of Central States, a Dayton-based anatomic pathology and molecular diagnostics laboratory, has announced an agreement with PNC Bank that secures the capital required to fund the company’s 2013 expansion plans.
Company officials said the revolving credit structures, which were led and structured by PNC Business Credit, will fund growth that includes but is not limited to mergers and acquisitions.
Robert E. Nevin, the company’s president and chief executive, said DLCS is poised for double-digit growth in 2013.
Founded in 1984, DLCS is an independent, national laboratory that specializes in skin pathology, and whose goal is to provide physicians with accurate diagnoses of skin biopsies. DAVE LARSEN
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Tom Gustafson, chief technology officer for Piqua-based Hartzell Air Movement, was appointed to the Air Movement and Control Association International’s board of directors last month at the group’s annual meeting.
Prior to his appointment, Gustafson served on numerous AMCA International committees. He is considered an expert in the air movement industry, according to Hartzell officials.
AMCA is a not-for-profit international association of air system equipment manufacturers, primarily focused on fans, louvers, dampers and air curtains used in commercial buildings and industrial processes.
Gustafson has worked at Hartzell for 24 years and previously served as the industrial ventilation company’s vice president of engineering.
Hartzell officials said Gustafson championed the design concept for the company’s one-piece solid fiberglass wheel. He also was the principal author of Hartzell’s most recent patent, which reduced the sound levels on the company’s adjustable pitch low pressure prop.
Hartzell Air Movement is a maker of general and process ventilation equipment, from propeller fans to turbo pressure blowers. The company has been in business since 1875 and has manufacturing facilities in Ohio, Indiana and Singapore. DAVE LARSEN
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