Possehl Acquires manroland Web; Langley Nets Sheetfed

AUGSBURG, GERMANY—The breakup of manroland AG is officially under way. L. Possehl & Co. (Possehl Group) has agreed to buy the insolvent press manufacturer's web press unit here, while Langley Holdings will take control of the sheetfed offset division in Offenbach, Germany. Terms of both deals were not disclosed, and are subject to creditor and governmental approvals.