• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Top Companies
    • Printing Inks
    • Raw Materials
    • Equipment
    • Directories
    • Events
    • Jobs
    • More
  • Magazine
  • News
  • Exclusives
  • Top Companies
  • Printing Inks
  • Raw Materials
  • Equipment
  • Directories
  • Events
  • Jobs
  • Current / Back Issues
    Features
    Columns
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    eBook
    Top Features
    Jim Kochanny, INX International Ink Co.

    Neil Hersh - ECKART America

    The Packaging Ink Market in 2023

    Sustainability and the Ink Industry

    Industry is Looking Forward to the 2023 European Coatings Show
    Breaking News
    Distributor News
    Financial News
    Industry News
    Ink Manufacturers News
    Market Research
    Mergers and Acquisitions
    New Products
    Personnel
    Price Increases
    Printers News
    Suppliers News
    Live From Shows
    Video Bites
    Top News
    ACTEGA, Makro Labelling to Advance Signite Technology

    BCF Requests Greater Urgency on REACH Impasse

    Updated Method Published for Entire BASF Product Portfolio

    Siegwerk Offers AWA Shrink Sleeve Label Technologies Workshop

    Active Minerals International Announces Price Increase
    Whitepapers
    Glossary
    Top North American Companies
    Top International Companies
    Conductive Inks and Printed Electronics
    Graphic Arts Coatings
    Inkjet Inks and Toners
    Marking and Pad Printing Inks
    News Inks
    Packaging Flexo Inks
    Packaging Gravure Inks
    Publication Gravure Inks
    Publication Offset Inks
    Screen Inks
    Sheetfed Inks
    Specialty Inks
    UV and EB Inks

    Roland DGA to Hold Open House Event at its Atlanta Imagination Center

    Richnerstutz AG Acquires an EFI VUTEk Q5r Superwide Roll-to-Roll Printer

    hubergroup Print Solutions Restructures UV Poly/Tin Offset Portfolio

    Mexar’s Emphasis on Pigment-Based Digital Textile Inks Pays Off

    Paul Edwards Joins INX as Digital Division VP
    Additives
    Energy-Curable Materials
    Flushed Colors and Pigments
    Metallics and Special Effects Pigments
    Resins
    Vehicles and Varnishes
    Waxes

    Active Minerals International Announces Price Increase

    Evonik: Weak Economy Characterizes Difficult 1Q 2023

    Neil Hersh - ECKART America

    Brilliant Group Adds Mike Oberski, Alex Gerasimov

    TrustChem USA Appoints Michele Claeson VP of Sales
    Energy-Curing Equipment
    Mills and Mixers
    Testing, Color and QC

    IM GROUP Gathers Best Industrial Tinting System for 10th Year in a Row

    Ross Offers Large Scale Condensate Receiver Tanks, Other Pressure Vessels

    ROSS V Cone Tumble Blenders Set for High Accuracy Mixtures

    Phoseon to Show Latest UV LED Curing Systems at Labelexpo Mexico

    Dr. Gregory Pace Joins RadTech
    Buyers Guide
    Distributor Guide
    European Ink Directory
    U.S. Ink Directory
    International Buyers Guide Companies
    Hockmeyer Equipment Corp.

    Shin Etsu Silicones of America

    Shamrock Technologies, Inc.

    ALVAR Inc. /ALVAR Resins, Inc

    Hydrite
    Industry Events
    Live from Show Event
    Webinars
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directory
      • Buyers Guide
      • Distributor Guide
      • European Ink Directory
      • U.S. Ink Directory
      • Trade Associations
    • Printing Inks
      • Conductive Inks and Printed Electronics
      • Graphic Arts Coatings
      • Inkjet Inks and Toners
      • Marking and Pad Printing Inks
      • News Inks
      • Packaging Flexo Inks
      • Packaging Gravure Inks
      • Publication Gravure Inks
      • Publication Offset Inks
      • Screen Inks
      • Sheetfed Inks
      • Specialty Inks
      • UV and EB Inks
    • Raw Materials
      • Additives
      • Energy-Curable Materials
      • Flushed Colors and Pigments
      • Metallics and Special Effects Pigments
      • Resins
      • Vehicles and Varnishes
      • Waxes
    • Equipment
      • Energy-Curing Equipment
      • Mills and Mixers
      • Testing, Color and QC
    • Top Companies
      • Top North American Companies
      • Top International Companies
    • Glossary
    • Online Exclusives
    • Slideshows
    • Expert's Opinion
    • Videos
    • Podcasts
    • eBook
    • Blog
    • Infographics
    • Whitepapers
    • Jobs
    • Supplier Microsites
      • Companies
      • Literature / Brochures
      • Whitepapers
      • Product Spec Sheets
      • Videos
      • Jobs
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Heidelberg Selling Gallus

    Heidelberg is pursuing realignment following the difficult situation created by COVID-19.

    Ink World staff07.23.20

    Heidelberger Druckmaschinen AG (Heidelberg) announced it is systematically pursuing the company’s 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.

     

    The decision has been made due to the challenging situation created by COVID-19.

     

    In the future, Heidelberg and benpac will work together closely on the Gallus Labelfire digital label press. Heidelberg will continue 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 will be retaining our in-house digital expertise and, by collaborating with benpac on the Gallus Labelfire, 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,” Heidelberg CEO Rainer Hundsdörfer said.

     

    The transaction will see benpac assume ownership of Gallus Holding 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 – five sites with a total of some 430 employees in Germany and Switzerland.

     

    With an agreed purchase price of some €120 million 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.

     

    “Our 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,” Heidelberg CFO Marcus A. Wassenberg said.

     

    "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," added Marco Corvi, CEO and chairman of the Board of Directors of benpac holding ag.

    Related Searches
    • Inkjet Inks and Toners
    Related Knowledge Center
    • Inkjet Inks and Toners
    Suggested For You
    Flint CPS’ Global Commercial Leadership Team Reflect on Challenging Market Conditions Flint CPS’ Global Commercial Leadership Team Reflect on Challenging Market Conditions
    Flint Group Narrow Web Introduces Evolution Series of Coatings for Enhanced Recycling Flint Group Narrow Web Introduces Evolution Series of Coatings for Enhanced Recycling
    Sun Chemical to Increase Prices on Inks, Coatings, and Adhesives in North America Sun Chemical to Increase Prices on Inks, Coatings, and Adhesives in North America
    Resino Heads to PACK EXPO Resino Heads to PACK EXPO
    Bobst Highlighting Newest Technologies at FTA Fall Conference and INFOFLEX Bobst Highlighting Newest Technologies at FTA Fall Conference and INFOFLEX
    Day International Issues Price Increases for Printing Blankets Day International Issues Price Increases for Printing Blankets
    BookBaby Advances Self-Publishing Business with New HP Indigo 100K Digital Press BookBaby Advances Self-Publishing Business with New HP Indigo 100K Digital Press
    Pulse Roll Label Products Launches UV PureFX Soft Touch Varnish Pulse Roll Label Products Launches UV PureFX Soft Touch Varnish
    Print Industry Prepares for Future of Shorter Print Runs, New Technology: Smithers Print Industry Prepares for Future of Shorter Print Runs, New Technology: Smithers
    Five Tips to Getting Inkjet Investment Right Five Tips to Getting Inkjet Investment Right
    Koenig & Bauer Continues its CorruCUT Sales Campaign Koenig & Bauer Continues its CorruCUT Sales Campaign
    EFI VUTEk h5 UV LED Printer Boosts Schiele Group’s Speed and Efficiency EFI VUTEk h5 UV LED Printer Boosts Schiele Group’s Speed and Efficiency
    varioPRINT iX-Series Celebrates First Year in Graphic Arts Market varioPRINT iX-Series Celebrates First Year in Graphic Arts Market
    Epple Druckfarben AG Epple Druckfarben AG
    International Paper International Paper

    Related Breaking News

    • Breaking News | Ink Manufacturers News | Price Increases
      Flint CPS’ Global Commercial Leadership Team Reflect on Challenging Market Conditions

      Flint CPS’ Global Commercial Leadership Team Reflect on Challenging Market Conditions

      The ink and print industries continue to face challenges surrounding rapidly increasing costs, increased demand for raw materials and shortages.
      09.22.21

    • Breaking News | Graphic Arts Coatings | Ink Manufacturers News
      Flint Group Narrow Web Introduces Evolution Series of Coatings for Enhanced Recycling

      Flint Group Narrow Web Introduces Evolution Series of Coatings for Enhanced Recycling

      New UV flexo coatings recognized by APR to comply with critical guidance for PET packaging; products to be highlighted at Label Congress 2021.
      09.22.21

    • Breaking News | Ink Manufacturers News | Inkjet Inks and Toners | News Inks | Price Increases | Publication Gravure Inks | Publication Offset Inks | Sheetfed Inks | UV and EB Inks
      Sun Chemical to Increase Prices on Inks, Coatings, and Adhesives in North America

      Sun Chemical to Increase Prices on Inks, Coatings, and Adhesives in North America

      Inflationary cost trends in raw materials used within the ink industry have continued to accelerate throughout the course of the year.
      09.15.21


    • Breaking News | Ink Manufacturers News
      Resino Heads to PACK EXPO

      Resino Heads to PACK EXPO

      Attendees can get answers to questions right on the spot and learn how Resino may support them to drive business forward.
      09.07.21

    • Breaking News | Printers News
      Bobst Highlighting Newest Technologies at FTA Fall Conference and INFOFLEX

      Bobst Highlighting Newest Technologies at FTA Fall Conference and INFOFLEX

      The event is taking place on Oct. 3-6, 2021, at the Embassy Suite Hotel in Frisco, TX.
      09.02.21

    Loading, Please Wait..
    Trending
    • BR Printers Adds Two HP PageWide Web Presses T240 HD
    • Updated Method Published For Entire BASF Product Portfolio
    • BCF Elects Sharon Harte First Female President In Its History
    • Roland DGA To Hold Open House Event At Its Atlanta Imagination Center
    • What Are The Types Of Printing Inks?
    Breaking News
    • ACTEGA, Makro Labelling to Advance Signite Technology
    • BCF Requests Greater Urgency on REACH Impasse
    • Updated Method Published for Entire BASF Product Portfolio
    • Siegwerk Offers AWA Shrink Sleeve Label Technologies Workshop
    • Active Minerals International Announces Price Increase
    View Breaking News >
    CURRENT ISSUE

    April 2023

    • The Packaging Ink Market in 2023
    • Sustainability and the Ink Industry
    • Energy-Curable Ink Market Continues to Grow
    • The 2023 Resin Report
    • Arriving Soon: The EU's New Dawn for Industry
    • Industry is Looking Forward to the 2023 European Coatings Show
    • Videojet Makes Its Mark in Coding Solutions
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Verdure Sciences Receives Award for Sustainable, Ethical Turmeric Sourcing
    BGG Receives Patent for Saw Palmetto ID Method
    Premium Label & Packaging Solutions Receives Safe Quality Food (SQF) Certification
    Coatings World

    Latest Breaking News From Coatings World

    Boeing Starts Construction on New St. Louis Facility
    Brand Finance: Post-COVID Recovery Slows for Chemicals Industry Battling Energy Crisis
    BCF Calls for Greater Urgency on REACH Impasse
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    CareDx, Miromatrix Collaborate on Bioengineered Organs Research
    Capitainer Releases to Market its Fully Automated Sample Handler
    Titan Medical Licenses Most IP to Intuitive; CEO Steps Down
    Contract Pharma

    Latest Breaking News From Contract Pharma

    AVROBIO Sells Cystinosis Gene Therapy for $87.5 Million
    Meiji Seika Pharma, Adcock Ingram Pharma Complete Construction of New Manufacturing Facility
    JSR Life Sciences Consolidates KBI Biopharma and Selexis SA
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Unilever Uses AI for Product Development
    Beautycounter Names New Interim CEO
    Shaz & Kiks Available at Sephora
    Happi

    Latest Breaking News From Happi

    Covergirl Introduces Clean Fresh Yummy Gloss Collection
    Shaz and Kiks Launches at Sephora
    Beautycounter Appoints Board Director Mindy Mackenzie Interim CEO
    Ink World

    Latest Breaking News From Ink World

    ACTEGA, Makro Labelling to Advance Signite Technology
    BCF Requests Greater Urgency on REACH Impasse
    Updated Method Published for Entire BASF Product Portfolio
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    ACTEGA teams with Makro Labelling to advance Signite technology
    Constantia Flexibles and SB Packagings commence joint venture
    Inland donates new VersaStudio printer to local high school
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Mann+Hummel Names President Air Filtration Americas
    KNH Launches Eco-Friendly Menstrual Pads
    Niine Introduces India's First PLA-Based Sanitary Pads
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Enrollment Completed in Anika Therapeutics' Hyalofast Study
    Exactech Releases Next-Gen GPS Shoulder
    Data Shows Favorable Survivorship of MISHA Knee System & Reduction of Arthroplasty Risk in Patients
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    onsemi Presents Path to Accelerate Revenue Growth
    STMicroelectronics Introduces Waterproof MEMS Pressure Sensor
    Graphene Flagship to Join Euro Nano Forum 2023

    Copyright © 2023 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login