Langley to Obtain manroland Sheetfed Division
AUGSBURG, GERMANY—The sheetfed business of manroland AG will be taken over by privately owned British engineering group Langley Holdings. The deal includes the sheetfed printing equipment division, its production facilities (including all real estate in Offenbach) and the international marketing organization active in more than 40 countries.
“I am very pleased with the solution which will provide a long-term perspective to the Offenbach location and the sheetfed printing business,” said Werner Schneider, insolvency administrator. Roughly 840 employees in Offenbach will be retained according to the present staff planning. In addition, Langley takes over the international marketing organization.
“We foresee very good economic prospects for manroland sheetfed following the recent re-structuring,” said Tony Langley, the group's lone shareholder. “This is a world-class business with an excellent reputation and its production and research & development facilities are superb; everything one expects of the very best of German engineering.”
Langley currently operates two technology divisions in Germany in the field of capital equipment—the Piller Group and Claudius Peters Group. In 2011, Langley Holdings achieved revenues of approximately US$655.8 million.