Gallus Group sale not completed
Heidelberg announced that the sale of the Gallus Group to the Swiss company benpac holding ag has not been completed.
benpac holding ag did not make the purchase price payment of EUR 120 million agreed, although all the necessary conditions were met. Heidelberg had to assume until the very end that the transaction would be completed successfully and will assert its rights.
The five sites and around 430 employees of the Gallus Group will remain with Heidelberg. Nothing will change for Gallus customers. Heidelberg will continue 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.