Gallus strengthens its grip on roll fed carton converting
The Gallus Group has now entered negotiations with the shareholders of BHS Druck- und Veredelungstechnik to acquire its entire equity interest. Gallus acquired 30 per cent of the company’s shares in October 2005. The planned takeover will go ahead subject to formal approval being granted by the anti-trust authorities. It is expected that a decision will be reached within the next few weeks. Both parties have agreed not to disclose further information about the transaction.
The acquisition of BHS will allow Gallus to expand and strengthen its current product portfolio into the folding carton market with wide web machines.
In addition, the company will acquire high quality die cutting technology for roll fed solutions, thus enabling it to reach a broader customer base.
Gallus is creating an integrated and autonomous business unit for this newly acquired folding carton business. The new business unit will complement the Heidelberg range of technology designed for folding carton applications.
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