MAN exits printing press business
The world's second-largest printing press manufacturer, after Heidelberger Druck, is selling its printing press subsidiary, MAN Roland, to Allianz.
The second largest printing company after Heidelberger Druck
printing press manufacturer in the world sells its
printing press subsidiary MAN Roland to Allianz. The MAN subsidiary had
suffered for years from the crisis in the printing and newspaper industry,
according to the SDA press release. After a tough cost-cutting program, MAN was
Roland returned to profitability last year, however, the current
Restructuring continues. The following are affected by the change of ownership
almost 9000 employees and 10 percent of MAN's turnover. The Group
wants to focus more on its fast-growing core business around transportation
and mobility. Together with Allianz, a
joint venture, which holds a majority interest in MAN Roland
Druckmaschinen takes over. MAN retains a 35 percent stake.
printing press manufacturer in the world sells its
printing press subsidiary MAN Roland to Allianz. The MAN subsidiary had
suffered for years from the crisis in the printing and newspaper industry,
according to the SDA press release. After a tough cost-cutting program, MAN was
Roland returned to profitability last year, however, the current
Restructuring continues. The following are affected by the change of ownership
almost 9000 employees and 10 percent of MAN's turnover. The Group
wants to focus more on its fast-growing core business around transportation
and mobility. Together with Allianz, a
joint venture, which holds a majority interest in MAN Roland
Druckmaschinen takes over. MAN retains a 35 percent stake.
