1996: Spun off From 3M with 12,600 workers. June 1998: Completes $39.8 million sale of CD-ROM business to an Ohio company.
Imation from the beginning
January 19, 2009 at 4:33AM
January 1999: Divests most of medical imaging business to Eastman Kodak ($533 million).
June 1999: Agrees to sell private-label photo film business to a British investment firm for after-tax proceeds of $55 million.
November 2000: Hires investment banker Goldman Sachs to review strategic options for the company, including possible sale.
October 2001: Announces sale of color-proofing business to Kodak Polychrome Graphics for $50 million.
May 2006: Buys Memorex for $330 million.
August 2006: Closes Memorex distribution centers in Virginia, California and Tennessee and an Imation center in Kansas City. Moves all operations to Mississippi.
April 2007: Agrees to buy the recording media business of Japan-based TDK for $300 million; CEO Bruce Henderson resigns, succeeded by Frank Russomanno.
May 2007: Says it'll cut 675 jobs of 2,070 jobs worldwide; announces it will close Wahpeton, N.D., plant and move operations to Juarez, Mexico by December 2008; 390 jobs cut.
July 2007: Buys Memcorp Inc. for an estimated $84 million
November 2007: Former CEO Bruce Henderson dies of a brain tumor.
July 2008: Says it will close tape plant in Camarillo, Calif., and move operations into Oklahoma plant. Will cut 140 jobs and save $15 million to $20 million a year.
September 2008: Launches line of TDK Life on Record Blu-ray disc-cleaning & storage accessories to protect and maintain Blu-ray media.
November 2008: Downgrades outlook, announces $40 million charge, 200 job cuts and plan to cut operating expenses 10% in 2009.
Jan. 7: Introduces 13 consumer products at the International Consumer Electronics Show in Las Vegas.
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The InPen app paves the way for the launch of the company’s “Smart MDI” system combining a smart insulin pen that tracks doses and a monitor that makes real-time glucose readings for people who make multiple daily injections.
