Steve Dunwell

The plan to split the company into three divisions put forward by major German trading and manufacturing group, L. Possehl & Co. mbH, has won the approval of the manroland administrator. manroland’s Offenbach sheetfed printing systems site is to be restructured in the form of a management buyout under the planned three-way split of the company as part of its ongoing insolvency proceedings. The web press manufacturing site at Augsburg, where the IPMG and PMP 96-page presses are being made, will be acquired by L. Possehl &Co. Plauen, the third manufacturing site that was restructured last year as a

The myriad troubles battering the printing industry claimed their biggest scalp on Friday as manroland - the world’s second biggest press manufacturer - was declared insolvent. The German press manufacturing giant sent a shiver through the spine of the industry by filing a petition to initiate insolvency proceedings, after negotiations with a new potential investor, whihc were on the 'home straight' failed. The company has also filed a request for self-administration in order to finalise the on-going