Allianz Capital Partners, the company that owns a controlling share of manroland, is rejecting a possible overture by Koenig & Bauer AG to purchase the press vendor.
The Wall Street Journal, in quoting a person described as being "close to the financing industry," said ACP doesn't want to combine manroland with another company, preferring instead to operate manroland itself.
A subsequent press release issued by manroland's U.S. operations cited German newspaper Borsen-Seitung as reporting that the overture "was fiercely rejected by ... ACP."
"Clearly the goal for manroland is a stand-alone solution and the offer by KBA would not be considered," manroland quoted the newspaper as reporting.
Additionally, the press release quoted an ACP insider saying, "We did not expect this offer, and have no intentions to connect with KBA in this way."
German newspaper Handelsblatt reported that KBA CEO Helge Hansen was receptive to the idea of purchasing manroland in order to temper the worldwide supply of printing presses.
In a half-year financial report KBA issued Aug. 13, the company said it posted a 39 percent increase in new orders in the past 12 months and that group sales were up 4.5 percent to more than $607 million. Web and sheetfed presses both reported a jump in orders and the company said it expects to post revenues in excess of $1.4 billion for its 2010 fiscal year.