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Sale of Gallus Group to benpac holding ag Not Completed

Gallus Group continues realignment under Heidelberg umbrella.

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By: Anthony Locicero

Copy editor, New York Post

The sale of the Gallus Group by Heidelberger Druckmaschinen AG (Heidelberg) to the Swiss company benpac holding ag has not been completed.    According to Heidelberg, benpac holding ag did not make the purchase price payment of €120 million agreed at closing, although all the necessary conditions were met.    Heidelberg said it had to assume until the very end that the transaction would be completed successfully. Heidelberg said it will assert its rights.   The five sites and around ...

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