AGFA SPINS OFF INTO SEPARATE COMPANY
By Adnews Staff
Agfa AG/NV of Germany has been spun off into an independent company. Until late last year, the firm was a subsidiary of Bayer AG, a pharmaceutical giant based in Germany. The move was made because "Agfa operates in different markets and uses different technologies than Bayer," Bayer CEO Dr. Manfred Schneider says in a release. "Agfa will therefore be able to develop better as an independent company." The deal also means that Agfa's Toronto operations will run independently of Bayer's Canadian operations. Agfa markets a range of amateur and professional photographic, graphic arts communications products, as well as medical and industrial imaging products.
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