Receivership & administration

Manroland's administrator has confirmed that the break-up of the German manufacturer will begin on Wednesday (1 February) with the sale of the Augsburg web offset facility.

The Government has canned proposals to introduce a moratorium period during pre-pack administration sales.

Kodak never does anything the easy way. Last week's Chapter 11 filing - in the dead of night - was a case in point. The lack of surprise at an announcement that had been anticipated since September...

Eastman Kodak and its US subsidiaries have filed for Chapter 11 bankruptcy protection after the digital imaging and pre-press giant ran out of money to finance its stuttering transformation.

Manroland will be split up and its German workforce almost halved under plans outlined to creditors yesterday.

The future of Manroland should become clear today, when administrator Werner Schneider puts bid proposals in front of the company's creditors' committee this afternoon.

Negotiations for the sale of Manroland have entered the final stages, with a shortlist of two different bid proposals due to be presented to creditors on Wednesday (18 January).

Former Manroland owners MAN Group and Allianz have agreed to provide financial support for the thousands of staff that could be made redundant through the company's Chapter 11-style restructuring.

Prospects of a successful investors' agreement for Manroland have improved according to the insolvent press manufacturer's administrator with a break-up of the company seemingly the most likely...

Goss International has expanded its range of sheeters and offline finishing systems after acquiring the assets of German manufacturer Vits Print.