Langley Holdings To Absorb Manroland in 2013

Langley Holdings release 2012 Annual Report, to absorb manroland as division in 2013: Langley Holdings PLC, the engineering group behind press builder Manroland Sheetfed, announced it's 2012 results today. Langley Holdings PLC, which is controlled by British industrialist Tony Langley, who is also Chairman of the Manroland Sheetfed, recorded a profit before tax of €121.3 million (2011: €76.3m), including a non-recurring gain of €25.2m (2011: nil).

Manroland Sheetfed is not as yet incorporated within the Langley Holdings PLC group and will report its results in March. However, unaudited headline figures are included in the Chairman’s Review and the company says that it intends to formally bring the press builder into the group as a division later this year.