The sheetfed press operation of manroland based in Offenbach Germany is to be acquired by UK based engineering group Langley Holdings is more than interesting. We may be about to see a serious shake up of the offset press market by a very astute and successful businessman.
Langley Holdings is a privately owned engineering group with one shareholder, its chairman and chief executive Tony Langley. It employs 2,300 staff and has worldwide revenues of approximately $660m with pre-tax profit of $100m. Langley will also acquire more than 40 of manroland's international sales operations. The sale is subject to agreement by the German cartel office.
