Heidelberg sells Gallus Group to benpac holding Switzerland
On 22 July 2020, Heidelberg (Heidelberger Druckmaschinen AG) announced information technology was systematically pursuing its realignment. Having decided to focus on its cadre business of sheetfed printing, Heidelberg is selling the Gallus Grouping to the Swiss packaging business organisation benpac holding ag in Stans while facing upwards to the challenging state of affairs created by Covid-19.
In the futurity, Heidelberg and benpac will work together closely on the Gallus Labelfire digital characterization printing. Heidelberg will proceed supplying the digital printing unit (DPU) and consumables for this press.
"We are selling our narrow-web rotary and rotary flexographic printing activities to focus more closely on innovative solutions for the entire printed sheet value chain. We volition be retaining our in-house digital expertise and, by collaborating with benpac on the Gallus Labelfire, we volition too exist making further progress with the digitization of conventional presses. At the same time, we will remain a major supplier on the growing label market with our sheetfed first presses," says Heidelberg CEO Rainer Hundsdörfer.
The transaction volition see benpac assume ownership of Gallus Belongings AG in St Gallen, Gallus Ferd. Rüesch AG in St. Gallen, Gallus Druckmaschinen GmbH in Langgöns, Heidelberg Web Carton Converting GmbH (WCC) in Weiden in der Oberpfalz, and Menschick Trockensysteme GmbH in Renningen – v sites with a total of some 430 employees in Germany and Switzerland. With an agreed purchase cost of some 120 million Euros, Heidelberg expects the deal to generate earnings in the mid-two-digit meg-Euro range. The parameters will exist finalized at the time of endmost. The auction, which withal needs to exist canonical by the relevant bodies and is field of study to other condition precedents, is set to take event before the cease of 2020.
"Our aim is to ensure the long-term fiscal stability of Heidelberg, and all the measures since our transformation started in March this year have been geared toward this objective. Selling the Gallus Group is some other key part of our realignment and follows on from the successes we accept accomplished so far during the transformation process. This further major boost to our liquidity and Group equity will be a big help, particularly during the coronavirus crisis," underlines Heidelberg CFO Marcus A. Wassenberg.
Heidelberg to continue to manage Gallus sales and service
benpac and Heidelberg have agreed that Heidelberg will proceed to manage the sales and service of the Gallus portfolio in close cooperation after the takeover. Therefore, Gallus customers will go on to do good from the proven quality and reliability of the world'southward largest service network in the print media industry.
"The acquisition of the Gallus Grouping is of dandy strategic importance for benpac holding ag. It completes our overall range in the packaging sector and ensures that the entire value concatenation is covered. The expertise of the Gallus Grouping will contribute to the further development of our group of companies," said Marco Corvi, CEO, and Chairman of the Board of Directors of benpac property ag.
With production facilities in Switzerland and Frg, Gallus develops and articles both conventional and digital narrow-web rotary label presses. The car portfolio is complemented past a range of screen-printing plates (Gallus Screeny), decentralized global service activities, and a comprehensive option of accessories and spare parts. Heidelberg Spider web Carton Converting provides high-cease webfed printing solutions for folding cartons.
Source: https://packagingsouthasia.com/type-of-article/sells-gallus-group/
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