Kodak has been trying to sell off its money-losing line for the past year.
American Industrial Partners is acquiring Presstek, which has reeled off several years of beleaguered results.
Once upon a time, IBM was America’s favorite company and set the world standard for innovation in the computer industry. In the 1980s, the company fell hard.
The CEO of Presstek left for a job with Xerox Corp., with two other executives also exiting.