Heidelberg's Sale of Gallus to benpac Not Completed

摘要

After announcing plans to sell the Gallus Group to benpac holding ag in 2020, Heidelberg announced in a January 29 press release that the sale was not completed. According to the release, benpac did not meet the purchase price of €120 million, though other conditions of the deal had been met. The release states that Heidelberg will retain the five Gallus facilities and the 430 employees within the Gallus Group. Customers will also not see any change, the release adds, as Heidelberg will maintain the sales and service operations for Gallus. While the release does not outline a specific outlook for Gallus's future, it says that Heidelberg will be exploring various options. Because of its independent arrangement and expertise in flexographic printing, the release adds that Gallus did have a successful year while remaining part of Heidelberg.