Possehl Acquires manroland Web; Langley Nets Sheetfed

British engineering group Langley Holdings will take control of the sheetfed division's production facilities and the international marketing organization in more than 40 countries. About 840 employees working in Offenbach will be retained.

"This is a world-class business with an excellent reputation, and its production and research and development facilities are superb," said Tony Langley, who is the sole shareholder of the Langley Group.