LANGLEY COMMITTED TO MANROLAND

Langley Holdings, owner of the Manroland Sheetfed, has underlined its commitment to the press manufacturing giant, saying it is in the business for the long term, and highlighting its financial credentials.

Manroland Sheetfed did not take part in drupa last year, citing costs and ROI, which led to industry speculation over the business, which Langley has owned since 2013. However, its board chairman Bernard Langley said Langley’s perspective is long-term. He said, “We plan and manage our businesses not with the interests of absentee investors eager for short term returns, lenders who only concentrate on the security of their money or, private equity looking to sell the businesses they acquire in 3-5 years. Our perspective is intergenerational.

“We believe in the print sector, we believe in the companies we own in the sector and their products and we believe in the people behind them.

“It is Manroland Sheetfed‘s supreme quality and reliability of their printing presses and the dedication of their people to provide service excellence, that allows our products and our services speak for themselves.”

In a letter to customers, Langley said that Langley remains committed to the printing industry and to its investments in the sector, namely Manroland Sheetfed GmbH, Druck Chemie GmbH and BluePrint Products NV.

He also highlighted the fact that Langley Holdings is a family owned group with net assets in excess of €1bn, and pointed out that it is diversified across numerous industrial sectors, with Manroland Sheetfed accounting for around 20 per cent of group revenues.

The group will report profits before tax for 2024 of around €120m, similar to that of 2023, and is debt free, with around one third of its net asset value represented in cash. Langley said, “As such we make all of our business decisions without the influence of lenders. Like many of our print sector customers, we are a family owned company. As such we respect and spend money carefully.”