{"id":64089,"date":"2020-07-27T08:02:21","date_gmt":"2020-07-27T06:02:21","guid":{"rendered":"https:\/\/www.converter.it\/heidelberg-realignment-continues-apace-with-sale-of-gallus-group-to-benpac-holding-ag-in-switzerland\/"},"modified":"2021-06-22T17:27:21","modified_gmt":"2021-06-22T15:27:21","slug":"heidelberg-realignment-continues-apace-with-sale-of-gallus-group-to-benpac-holding-ag-in-switzerland","status":"publish","type":"post","link":"https:\/\/www.converter.it\/en\/heidelberg-realignment-continues-apace-with-sale-of-gallus-group-to-benpac-holding-ag-in-switzerland\/","title":{"rendered":"Heidelberg realignment continues apace with sale of Gallus Group to benpac holding ag in Switzerland"},"content":{"rendered":"<p><a href=\"https:\/\/www.converter.it\/en\/heidelberg-new-strategic-plan-to-increase-profitability\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-26105 alignright\" src=\"https:\/\/www.converter.it\/wp-content\/uploads\/2018\/07\/GallusSmartfire_live-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" \/>Heidelberg<\/a> is systematically pursuing the company\u2019s realignment. Having decided to focus on its core business of sheetfed printing, Heidelberg is selling the Gallus Group to the Swiss packaging business benpac holding ag in Stans while facing up to the challenging situation created by Covid-19. \u2028In the future, Heidelberg and benpac will work together closely on the Gallus\u00a0Labelfire digital label press. Heidelberg will continue supplying the digital printing unit (DPU) and consumables for this press.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-35832 alignleft\" src=\"https:\/\/www.converter.it\/wp-content\/uploads\/2020\/07\/Ingresso-Heidelberg-Wiesloch-300x189.jpg\" alt=\"\" width=\"300\" height=\"189\" \/>\u201cWe 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 will be retaining our in-house digital expertise and, by collaborating with benpac on the Gallus\u00a0Labelfire, we will also be 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 offset presses,\u201d <em><strong>says Heidelberg CEO Rainer Hundsd\u00f6rfer.<br \/>\n<\/strong><\/em>The transaction will see benpac assume ownership of Gallus Holding\u00a0AG in St.\u00a0Gallen, Gallus Ferd. R\u00fcesch\u00a0AG in St.\u00a0Gallen, Gallus Druckmaschinen\u00a0GmbH in Langg\u00f6ns, Heidelberg Web Carton Converting\u00a0GmbH (WCC) in Weiden in der Oberpfalz, and Menschick Trockensysteme\u00a0GmbH in Renningen \u2013 five sites with a total of some 430\u00a0employees in Germany and Switzerland. With an agreed purchase price of some 120\u00a0million euros, Heidelberg is expecting the deal to generate earnings in the mid two-digit million-euro range. The parameters will be finalized at the time of closing. The sale, which still needs to be approved by the relevant bodies and is subject to other condition precedents, is set to take effect before the end of 2020.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-31167 alignright\" src=\"https:\/\/www.converter.it\/wp-content\/uploads\/2019\/09\/Gallus_Labelfire_1-300x176.jpg\" alt=\"\" width=\"300\" height=\"176\" \/>\u201cOur aim is to ensure the long-term financial 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 another key part of our realignment and follows on from the successes we have achieved so far during the transformation process. This further major boost to our liquidity and Group equity will be a big help, especially during the coronavirus crisis,\u201d <em><strong>underlines Heidelberg CFO Marcus A. Wassenberg.<\/strong><\/em><br \/>\nHeidelberg and benpac cooperate closely in sales and service for the Gallus portfolio<br \/>\nbenpac and Heidelberg have agreed that Heidelberg will continue to manage the sales and service of the Gallus portfolio in close cooperation after the takeover. Gallus customers will therefore continue to benefit from the proven quality and reliability of the world&#8217;s largest service network in the print media industry.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-24870\" src=\"https:\/\/www.converter.it\/wp-content\/uploads\/2018\/04\/gallus_labelmaster_links_L-300x124.jpg\" alt=\"\" width=\"300\" height=\"124\" \/>&#8220;The acquisition of the Gallus Group is of great strategic importance for benpac holding ag. It completes our overall range in the packaging sector and ensures that the entire value chain is covered. The expertise of the Gallus Group will contribute to the further development of our group of companies,&#8221; <em><strong>said Marco Corvi, CEO and Chairman of the Board of Directors of benpac holding ag.<\/strong><\/em><br \/>\nWith production facilities in Switzerland and Germany, Gallus develops and manufactures both conventional and digital narrow-web rotary label presses. The machine portfolio is complemented by a range of screen-printing plates (Gallus Screeny), decentralized global service activities, and a comprehensive selection of accessories and spare parts. Heidelberg Web Carton Converting provides high-end webfed printing solutions for folding cartons.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Heidelberg is systematically pursuing the company\u2019s realignment. Having decided to focus on its core business of sheetfed printing, Heidelberg is selling the Gallus Group to the Swiss packaging business benpac holding ag in Stans while facing up to the challenging situation created by Covid-19. \u2028In the future, Heidelberg and benpac will work together closely on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":56104,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-64089","post","type-post","status-publish","format-standard","has-post-thumbnail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Heidelberg realignment continues apace with sale of Gallus Group to benpac holding ag in Switzerland - Converter<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.converter.it\/en\/heidelberg-realignment-continues-apace-with-sale-of-gallus-group-to-benpac-holding-ag-in-switzerland\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Heidelberg realignment continues apace with sale of Gallus Group to benpac holding ag in Switzerland - Converter\" \/>\n<meta property=\"og:description\" content=\"Heidelberg is systematically pursuing the company\u2019s realignment. Having decided to focus on its core business of sheetfed printing, Heidelberg is selling the Gallus Group to the Swiss packaging business benpac holding ag in Stans while facing up to the challenging situation created by Covid-19. \u2028In the future, Heidelberg and benpac will work together closely on [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.converter.it\/en\/heidelberg-realignment-continues-apace-with-sale-of-gallus-group-to-benpac-holding-ag-in-switzerland\/\" \/>\n<meta property=\"og:site_name\" content=\"Converter\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-27T06:02:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-22T15:27:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.converter.it\/wp-content\/uploads\/2021\/05\/GallusSmartfire_live-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"850\" \/>\n\t<meta property=\"og:image:height\" content=\"568\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"a.dam_1655\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"a.dam_1655\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.converter.it\\\/en\\\/heidelberg-realignment-continues-apace-with-sale-of-gallus-group-to-benpac-holding-ag-in-switzerland\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.converter.it\\\/en\\\/heidelberg-realignment-continues-apace-with-sale-of-gallus-group-to-benpac-holding-ag-in-switzerland\\\/\"},\"author\":{\"name\":\"a.dam_1655\",\"@id\":\"https:\\\/\\\/www.converter.it\\\/en\\\/#\\\/schema\\\/person\\\/740a13d7180b4b2236ba3480fab310a9\"},\"headline\":\"Heidelberg realignment continues apace with sale of Gallus Group to benpac holding ag in Switzerland\",\"datePublished\":\"2020-07-27T06:02:21+00:00\",\"dateModified\":\"2021-06-22T15:27:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.converter.it\\\/en\\\/heidelberg-realignment-continues-apace-with-sale-of-gallus-group-to-benpac-holding-ag-in-switzerland\\\/\"},\"wordCount\":556,\"image\":{\"@id\":\"https:\\\/\\\/www.converter.it\\\/en\\\/heidelberg-realignment-continues-apace-with-sale-of-gallus-group-to-benpac-holding-ag-in-switzerland\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.converter.it\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/GallusSmartfire_live-1.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.converter.it\\\/en\\\/heidelberg-realignment-continues-apace-with-sale-of-gallus-group-to-benpac-holding-ag-in-switzerland\\\/\",\"url\":\"https:\\\/\\\/www.converter.it\\\/en\\\/heidelberg-realignment-continues-apace-with-sale-of-gallus-group-to-benpac-holding-ag-in-switzerland\\\/\",\"name\":\"Heidelberg realignment continues apace with sale of Gallus Group to benpac holding ag in Switzerland - 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