benpac holding failed to acquire Gallus from Heidelberg for $142m.

benpac holding, a machinery manufacturer, failed to acquire Gallus, an manufacturer of label printing and folding carton presses, from Heidelberg Druckmaschinen, a supplier to commercial, packaging and label printing companies for $142m. “Benpac Holding did not make the purchase price payment of $142m agreed at today's closing, although all the necessary conditions were met. Heidelberg had to assume until the very end that the transaction would be completed successfully. Heidelberg will assert its rights. Heidelberg will continue to handle sales and service for the Gallus portfolio and their personal contacts will remain the same. Heidelberg will now be examining various options for the corporate future of Gallus,” Heidelberger Druckmaschinen.