manroland Split Up, Web Unit Sold

The creditors' committee determined that the sites in Offenbach and Plauen will initially be taken over by management and insolvency administrator Werner Schneider. About 2,500 jobs will be saved from a total of 4,700 in Germany.

"Our shared goal was to place the company in the hands of investors who are interested in its long-term, independent continuation," Schneider said in a release.