Manroland Files for Biggest Insolvency in Germany in 2 Years
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Manroland AG, the German printing-press maker that’s majority owned by Allianz SE, filed for insolvency, in the country’s biggest corporate failure since retailer Arcandor AG collapsed two years ago.
Manroland filed to open insolvency proceedings with the district court in Augsburg, Germany, court spokesman Alfred Schwarz said. Werner Schneider was appointed as insolvency administrator, said the Offenbach-based company, which employs 6,500 workers worldwide, mainly in Germany.