Heidelberg to keep Gallus Group

The Gallus Group’s sale by Heidelberger Druckmaschinen AG (Heidelberg) to the Swiss company benpac holding ag has not been completed. In a press release dated 29 January 2021, Heidelberg states that benpac holding ag did not make the purchase price payment of Euro 120 million agreed at the day’s closing, although all the necessary conditions were met from its side. Heidelberg says it had to assume until the very end that the transaction would be completed successfully. “Heidelberg will assert its rights,” says the release. The five sites and around 430 employees of the Gallus Group will remain with Heidelberg. Nothing will change for Gallus customers. Heidelberg will continue to handle sales and service for the Gallus portfolio, and their personal contacts will remain the same. Heidelberg will now be examining various options for the corporate future of Gallus. In any case, Gallus will continue on its path to boosting operating performance. With an independent setup and specific focus on its flexographic printing market, Gallus made good operational progress last year under the Heidelberg umbrella.…

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