Posts tagged: Possehl

manroland finds a new owner in Possehl

Ralf Schlozer
 Jan 19, 2012

… well almost. The Possehl group is only taking over the Augsburg site and the creditors committee can only give a recommendation which buyer and which investor concept to pursue. Although the recommendation is a strong one, the final decision will be made at a forthcoming meeting of the creditors. Still for a company the size of manroland having agreed on a concept in less than two months after declaring insolvency this is quite a fast pace of events.

The concept is to split manroland into three independent units, based on its three separate manufacturing sites. The new investor, Possehl, is only taking over the Augsburg site, which produces the bulk of the web-fed offset presses (and understood to be the most competitive part of manroland). manroland enjoys a very strong market position in web-fed presses and the service business alone should keep the site afloat. Currently 2,200 employees work at the Augsburg site, which will be brought down to 1,500. Read more »

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