After years of struggle, the writing could finally be on the wall for AgfaPhoto as it files for insolvency. The consumer imaging business announced 4,000 redundancies in 2001 to concentrate efforts on digital imaging. However, three months previously it had decided to abandon production of digital cameras. Agfa-Gevaert sold AgfaPhoto to a group of investors in a management buy out/in in November, 2004, but still provides distribution, order fulfillment, after sales and other services to the company until the end of the year.
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After years of struggle, the writing could finally be on the wall for AgfaPhoto as it files for insolvency. The consumer imaging business announced 4,000 redundancies in 2001 to concentrate efforts on digital imaging. However, three months previously it had decided to abandon production of digital cameras. Agfa-Gevaert sold AgfaPhoto to a group of investors in a management buy out/in in November, 2004, but still provides distribution, order fulfillment, after sales and other services to the company until the end of the year. 