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...
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manroland Files Petition to Initiate Insolvency Proceedings
November 25, 2011
From News
Trough a debtor in possession insolvency procedure, the executive board of manroland aims to rescue key units within the framework of ongoing restructuring efforts. Negotiations with a potential investor failed in the home stretch. Another dramatic downturn in incoming orders triggered the decision.
