Loading

BENPAC UPDATE

By Editor Morten B. Reitoft 

February 1st, 2021, the company Grenacher Beteiligungen AG was taken under liquidation by the Handelsregisteramt in the Kantons Aargau. The company was established in the last quarter of 2016, under the name Benpac Group - and yes, established and owned by Marco Corvi.

Last week, Heidelberger Druckmaschinen announced that Benpac Holding didn't pay the 120 million euros agreed to Gallus and Heidelberg Narrow Web's acquisition, and the apparent financial problems of the benpac companies have led to the liquidation of Grenacher Beteiligungen AG. Still, constant unconfirmed rumors also tell that salaries for the benpac companies in Stans and St. Gallen hasn't been paid - or at least not to all employees.

For employees, the Swiss regulations are relatively straightforward and can be read in German here

When Marco Corvi "saved" 40 Gallus jobs in late 2019, and founded the company Benpac Maschinenbau, the intentions, according to Tagblatt, wasn't to be a sub-contractor to Gallus. Still, it seems to be the situation as of now. 

If Benpac Maschinenbau goes out of business, the effect of Gallus is unknown. Time will tell how the situation will develop and how the Benpac companies can continue being a sub-contractor to Heidelberger Druckmaschinen/Gallus if Heidelberger Druckmaschinen "assert its rights" and sues Benpac for the failed acquisition.

Sun February 28th

Do no-shows count in we...

Why are printing companies and their employees not using the webinars available?

Sat February 27th

The brexit dilemma

In the following weeks, we will publish a series of articles about what problems companies on both sides of the Channel face...

Fri February 19th

Learn with us · inkjet ...

Replays from Friday's 'Learn With Us' - ready

Thu February 18th

Learn with us · inkjet ...

Replays from Thursdays 'Learn With Us' - ready

Wed February 17th

Learn with us · inkjet ...

Check out the replays from Wednesdays 'Learn With Us' sessions

Learn with us · inkjet ...

Replays from Tuesday's Learn With Us - ready

Mon February 15th

Learn with us · inkjet ...

Check out the replays from Monday's Learn With Us sessions

Sun February 14th

Learn with us · inkjet ...

In just a few hours, our Learn With Us INKJET event starts, and the program is, in our opinion, simply amazing. Signup now!

Tue February 9th

Live demo! inkjet print...

Live Demo! Inkjet print to book production. Made easy

Mon February 8th

Paradigm shift in inkje...

Process-oriented solution competence and industrial automation technology move into focus