Sale of Gallus Group to benpac holding ag incomplete

The sale of the Gallus Group by Heidelberg to benpac holding ag has not been completed. benpac holding ag did not make the purchase price payment of €120m agreed at the specified closing date on 29th January, although all the necessary conditions were met.

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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