Business
Matthews International Announces Closing of Sales of European Packaging and Tooling Businesses
Matthews International Corporation (NASDAQ GSM: MATW) ("Matthews" or the "Company") today announced that the Company has closed on the sales of its European roto-gravure packaging and tooling businesses. Total consideration to be received from these sales is $41 million, consisting of $22 million of cash, $12 million of assumed debt and pension liabilities, and seller financing of $7 million. Cash proceeds of $18 million were received with the remaining cash amount of $4 million due within six m
About this update from Matthews International Corporation
[{"type":"text","content":"PITTSBURGH, Jan. 7, 2026 /PRNewswire/ -- Matthews International Corporation (NASDAQ GSM: MATW) ("Matthews" or the "Company") today announced that the Company has closed on the sales of its European roto-gravure packaging and tooling businesses. Total consideration to be received from these sales is $41 million, consisting of $22 million of cash, $12 million of assumed debt and pension liabilities, and seller financing of $7 million. Cash proceeds of $18 million were received with the remaining cash amount of $4 million due within six months of the closing date.","length":602,"tagName":"p"},{"type":"image","alt":"Matthews International Corporation logo (PRNewsfoto/Matthews International Corporation)","displaySize":"","headline":null,"caption":"Matthews International Corporation logo (PRNewsfoto/Matthews International Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":300,"url":"https://media.zenfs.com/en/prnewswire.com/6b1bc6b83bbb23fd1174c3bd1f16ee2e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/AvYWUztieyN8HR.5sTrJCw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTUyOTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/6b1bc6b83bbb23fd1174c3bd1f16ee2e","width":400,"height":300}},"href":"https://mma.prnewswire.com/media/2814726/Matthews_International_Corporation_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Mr. Bartolacci, President and Chief Executive Officer of Matthews International, stated: "The sale of these businesses is another step toward a more streamlined business structure and our commitment to unlocking the value of our Company in addition to further debt reduction. Adjusted EBITDA for these businesses was approximately break-even for each of the past two fiscal years on sales approximating $100 million for each year. All cash proceeds will be immediately applied to debt reduction upon receipt."","length":519,"tagName":"p"},{"type":"text","content":"About Matthews International Corporation","length":40,"tagName":"p"},{"type":"text","content":"Matthews International Corporation operates through two core global businesses – Industrial Technologies and Memorialization. Both are focused on driving operational efficiency and long-term growth through continuous innovation and strategic expansion. The Indust...