Feb. 9 (Bloomberg) -- Manroland AG’s sheet-fed unit has very good prospects, according to the investor who agreed to acquire it from the German printing-press maker that filed for insolvency last year.
Langley Holdings Plc., a U.K. maker of welding technologies and offshore cranes, sees “very good economic prospects for Manroland sheet-fed following the recent restructuring,” Tony Langley, its owner, was cited as saying in a statement e-mailed from Manroland today.
Langley, based in Retford, England, will take over all of the unit’s production capacity and sales divisions in 40 countries, Manroland’s insolvency administrator Werner Schneider said in an e-mailed statement Feb. 2.
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