manroland Split Up, Web Unit Sold

AUGSBURG, GERMANY—The breakup of manroland AG is officially under way. L. Possehl & Co. (Possehl Group) has agreed to buy the insolvent press manufacturer's web unit here while investors are sought for the sheetfed offset unit in Offenbach and assembly operations in Plauen. The purchase price was not disclosed, and the deal is pending a final decision by the creditors.