manroland AG Files for Insolvency

"The executive board of manroland aims to rescue key units within the framework of ongoing restructuring efforts as debtor in possession," the statement added.

"The initiated insolvency procedure affords the opportunity to step up the restructuring process and guide the company through this difficult phase. Despite all the disappointment over the path that now has to be taken, the insolvency procedure as debtor in possession offers plenty of prospects because the company has compelling products, the necessary know-how and an excellent team."