{"id":798932,"date":"2025-01-08T08:36:29","date_gmt":"2025-01-08T13:36:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/matthews-international-to-sell-sgk-brand-solutions\/"},"modified":"2025-01-08T08:36:29","modified_gmt":"2025-01-08T13:36:29","slug":"matthews-international-to-sell-sgk-brand-solutions","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/matthews-international-to-sell-sgk-brand-solutions\/","title":{"rendered":"Matthews International to Sell SGK Brand Solutions"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <em>Matthews to sell SGK to a newly formed entity created by affiliates of SGS &amp; Co<\/em>\n      <\/p>\n<p align=\"center\">\n        <em>Matthews to realize upfront consideration of $350 million and receive 40% interest in new entity<\/em>\n      <\/p>\n<p align=\"center\">\n        <em>Initial enterprise value of new entity ~$900 million, representing adjusted EBITDA multiple of 9x <\/em>\n      <\/p>\n<p align=\"center\">\n        <em>Cash proceeds to be used for immediate debt repayment<\/em>\n      <\/p>\n<p align=\"center\">\n        <em>New entity projected to realize over $50 million of annual cost synergies<\/em>\n      <\/p>\n<p>PITTSBURGH, Jan.  08, 2025  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ljC97VMbsX_B4-tJhP7r_HpGHUWSxuvLHzPhasRxeQhiLh8c6WsHY9WLucLa9r6qUDN4A2FfCTA1Zxfnk_M3liDtTpM6qFF-wcYDxGhgUpM=\" rel=\"nofollow\" target=\"_blank\">Matthews International Corporation<\/a> (NASDAQ GSM: MATW) (\u201cMatthews\u201d or the \u201cCompany\u201d) and affiliates of SGS &amp; Co (\u201cSGS\u201d) have entered into a definitive agreement under which Matthews will sell its interest in SGK Brand Solutions (\u201cSGK\u201d) to a newly formed entity created by affiliates of SGS, which will combine SGK and SGS.<\/p>\n<p>Under the terms of the agreement, Matthews will realize $350 million of total upfront consideration, which will include $250 million in cash at closing, $50 million of preferred equity in the new entity and the retention of approximately $50 million in trade receivables under the Company\u2019s securitization program. In addition, Matthews will receive a 40% interest in the common equity of the new entity. Matthews will also retain its German roto-gravure packaging business and other related investments currently within the SGK Brand Solutions reporting segment. The new entity will have an enterprise value of approximately $900 million, representing an adjusted EBITDA multiple of 9x on a trailing-twelve-month basis.<\/p>\n<p>On a go-forward basis, the new entity expects to realize over $50 million in annual run rate cost synergies over a 30-month expected integration period creating an opportunity for significant value creation in Matthews\u2019 40% ownership interest. Gary R. Kohl, current President of SGK, will lead the new entity as CEO, and Matthew T. Gresge, the current CEO of SGS, will become Executive Chairman of the Board of the new company, in addition to working closely with Mr. Kohl to lead the integration of the newly combined businesses.<\/p>\n<p>Matthews expects the immediate cash proceeds from the transaction of approximately $250 million will be used predominantly for the repayment of debt while other consideration received in the future will also be used to reduce debt. Following the closing of the transaction, Matthews will record its investment and its portion of the income of the new entity under the equity basis of accounting and will no longer reflect full consolidation of the SGK business in its financial statements.<\/p>\n<p>\u201cOver the past several years, we have undertaken a deliberate process to maximize the value of our diversified business units, including SGK. This process has involved extensive discussions with multiple prospective partners, resulting in today\u2019s value-enhancing sale,\u201d said Joseph Bartolacci, Chief Executive Officer of Matthews. \u201cAs a result of this transaction, we are moving toward a more streamlined business structure that can be better valued by the public equity markets. The structure of the transaction provides Matthews with immediate cash to prioritize debt repayment while providing a path for a full exit of the business at a strong valuation. The Board\u2019s review of strategic alternatives for our portfolio of businesses remains ongoing and we are committed to creating increased value for our shareholders.\u201d<\/p>\n<p>The transaction is expected to be completed in mid-2025, subject to customary closing conditions, including regulatory approvals.<\/p>\n<p>\n        <strong>Advisors<\/strong><br \/>\n        <br \/>J.P. Morgan Securities LLC is serving as financial advisor, K&amp;L Gates is serving as lead transaction counsel and Covington &amp; Burling LLP is serving as antitrust counsel to Matthews on the transaction. Orrick, Herrington &amp; Sutcliffe is serving as legal counsel to SGS on the transaction.<\/p>\n<p>\n        <strong>About SGK Brand Solutions<\/strong><br \/>\n        <br \/>SGK is a brand and content powerhouse focused on brand creation, brand activation, and brand stewardship, providing global solutions to a variety of market verticals, including food and beverage, home and personal care, and lifestyle.<\/p>\n<p>\n        <strong>About SGS &amp; Co <\/strong><br \/>\n        <br \/>SGS &amp; Co is a global brand agency comprising nearly 4,800 associates across 30+ countries that deliver speed and quality brand work through technology and teams for our world-class clients. SGS &amp; Co is comprised of two teams, Marks (Creative) and SGS (Production) to deliver end-to-end in design, graphic services, production, technology, and process optimization. SGS &amp; Co fosters a client-first culture to exceed client expectations and help them win. SGS &amp; Co is deeply committed to diversity, equity, and inclusion and a more sustainable future.<\/p>\n<p>\n        <strong>About Matthews International<\/strong><br \/>\n        <br \/>Matthews International Corporation is a global provider of memorialization products, industrial technologies, and brand solutions. The Memorialization segment is a leading provider of memorialization products, including memorials, caskets, cremation-related products, and cremation and incineration equipment, primarily to cemetery and funeral home customers that help families move from grief to remembrance. The Industrial Technologies segment includes the design, manufacturing, service and sales of high-tech custom energy storage solutions; product identification and warehouse automation technologies and solutions, including order fulfillment systems for identifying, tracking, picking and conveying consumer and industrial products; and coating and converting lines for the packaging, pharma, foil, d\u00e9cor and tissue industries. The SGK Brand Solutions segment is a leading provider of packaging solutions and brand experiences, helping companies simplify their marketing, amplify their brands and provide value. The Company has over 11,000 employees in more than 30 countries on six continents that are committed to delivering the highest quality products and services.<\/p>\n<p>\n        <strong>Additional Information<\/strong><br \/>\n        <br \/>In connection with the Company\u2019s 2025 Annual Meeting, the Company has filed with the U.S. Securities and Exchange Commission (\u201cSEC\u201d) and commenced mailing to the shareholders of record entitled to vote at the 2025 Annual Meeting a definitive proxy statement and other documents, including a WHITE proxy card. SHAREHOLDERS ARE ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY THE COMPANY AND ALL OTHER RELEVANT DOCUMENTS WHEN FILED WITH THE SEC AND WHEN THEY BECOME AVAILABLE BECAUSE THOSE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION. Investors and other interested parties will be able to obtain the documents free of charge at the SEC\u2019s website, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=FwA_xiO5ZU7xekJZc6u0K3z4J7jmIVwLT_o9fIT__HRqb8Jsxe_Mjv3z0XJM6E0mKHVjrMH_QOTuUfZuf_CPO-TWxaSMIbiMfupD3ApN33MI-rb-DPo2-LHJVotrOYty_054-IEMh8xxK2KUYb1Z3x_u779y-4ja0YlvRDJZKCy3UN3Jd89_a5D20a9sPYn6WUY0f1PlWDnLPL_i8lYypEfw8Bf-WlCCUhje0KjvxGUTuoyQXP5uSY8VUHu96wkQdWTw2qXswKlnVrEEJrk1cSPAn4TuHidAlUBlNBdfzOKn-xs0FNP8bbxArK_LSSXOjAHV-_mxKQx-kNVHQk4MTGQ1srtVAtxgudpN1m-FaHMQY4CrHJRARghBG15tRxjT8VsyLBQNvWFRJ5Cm0jlShj_hXFuOa1L4cKrhT3lbqZ3JZrHR4Lh1p9_hwRSaBWRsQ_CbKVpdN5R6cmc4cBwZuDcaSIrxy6_v-3gMf0kAIUpDr5DDQ15AzFUkUPsSdMI66rrvKKEk4PGsKZoORk0zXW5gQlMXox59JuqmlfJWvcblESXrPP4N6_xOkWqwrB4QusvL1Ihjet8umPlNngem8ucmKvOPQ-3dKXJJk1QGn3Y=\" rel=\"nofollow\" target=\"_blank\">www.sec.gov<\/a>, or from the Company at its website: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=04oBxWtPXeHZcgGfX4DBRfnbywb_IgADx4D_tU1RXeT0GiuWQyArWgEH3gWm89jWm87EetB3z5_vO2G4oM8nhRRaLuzxy01mjFdXS1TmXYyZyHAJYq384NWEKatdAaOFqUXWPVBDrNdOkziRkv7GTut23t19mzrN-5rjAScygeikZxZCt-fctyENo2U4SlGNkIAOdPwDs39f5VdhulDVkkPfVxGxFa6EaCczV5CEX9K42o8SHhBO-0nn0p4F5lENvGziIxInirH_FXZBvsVHgmrOmekxLKFSS30oKjolxGCaHRUPw4wyXMeN9wHXDTup5O68qiN5zF-SdZZFzpEHOulzjIHHB-5v75KDXCjXOQGzEbg37VvTBtAPt0rIluzrZIXeaqnGP5639Bp8i9fyQUG0qa0QVpcmvzB_ypBDzMt5ptZJW80QdlJxzJ2mZxESa7X4YMhSkdi6koXqPnq2SZbgI807qigmnlPE_lZqnXrSTmEEYT2VodPpDrlvkdZfngjv8SHIbVwuMooKsXY0P3_yhcIH46gmNCxvf2DSLQObrPiG-WQTy8I0hPZJ3rE8iYCqIW8bQurJ0yRr930HP-wDJOf0uYjjA0pWbIDma39F0Ga1B2quC_7eELa_EjIftDF1cl71K5ZKMPni0rwT9aKcZ8KXXBKGVar0nfhMtqqn19IOyw0wyGcn5FLpXZ1d\" rel=\"nofollow\" target=\"_blank\">http:\/\/www.matw.com\/investors\/sec-filings<\/a>. You may also obtain copies of the Company\u2019s definitive proxy statement and other documents, free of charge, by contacting the Company\u2019s Investor Relations Department at Matthews International Corporation, Two NorthShore Center, Pittsburgh, Pennsylvania 15212-5851, Attention: Investor Relations, telephone (412) 442-8200.<\/p>\n<p>\n        <strong>Participants in the Solicitation<\/strong><br \/>\n        <br \/>The participants in the solicitation of proxies in connection with the 2025 Annual Meeting are the Company, Alvaro Garcia-Tunon, Gregory S. Babe, Joseph C. Bartolacci, Katherine E. Dietze, Terry L. Dunlap, Lillian D. Etzkorn, Morgan K. O\u2019Brien, J. Michael Nauman, Aleta W. Richards, David A. Schawk, Jerry R. Whitaker, Francis S. Wlodarczyk, Steven F. Nicola and Brian D. Walters.<\/p>\n<p>Certain information about the compensation of the Company\u2019s named executive officers and non-employee directors and the participants\u2019 holdings of the Company\u2019s Common Stock is set forth in the sections entitled \u201cCompensation of Directors\u201d (on page 36 and available <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=L8KYxUZ0fYDrNb1zHCJsUsoX96BLCjRU2Oqmeh1iW5fqiOzUzPb7ZHyP40EK2V6l65k4vq7GBiKvra_FS5E_yLfAIJxbpbT3W0s5wGaVCnnoQNd_F9p860xGxOpwF0bqUdddY5QyYJL5OxivAg68DZy6PuTweboFQEb-36yougWP5r1-gldM_ztabmPc3ykMOTU8RcAVD-UNODMqy0siFQxiO-ldjmYxjzFxpFZmBrSn1u5EZcLurab5kG-Z9hn-589UiDdrtr-y7dHlBNcSPYCgEpXhX8io8bEAAQi9QVKET42WEKZ0nn3Guz-8c1FH91JQJWj4vc_l10r8AHPRc9rrib3XaSzpoGzUEfHZA4YOspyQQ_Uw8xQ8KCkVOiTciEsQT2vps5Y7ru7hy-FsnvXtIU2fCRfc0v2wOmXnRvdQ4nFdicUnrrBWxWIMb7f_DFQ3jK9v6SKnuCuuTLf2AZgA1tPLhA1fvn7UFnCWAWM0gtqLCHzPz0wrrOcLYN-U6Cyi6YopOkkOi6ixohAEmMS1Bj29zVWTj8DyM68s3vYW1Oll345xym9ohxI0sMGffxmuBc0avqJLutTyoai976S-J89LodOc22Ispo71sYzqlH3LRQ2oqh21BiWhFKWb_sNfGJ3JVxoTpNCMlf36KAn_qyvrdubhsCqQWDqHo4hH0s3LgDjde79EVifAIl8edmCFNxnClsUMuCwG1Mf23Q==\" rel=\"nofollow\" target=\"_blank\">here<\/a>), \u201cStock Ownership of Certain Beneficial Owners and Management\u201d (on page 64 and available <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=L8KYxUZ0fYDrNb1zHCJsUkjJMvVX3ll0xWFg1ytZYoiAU2e7MgRxVmvZVOZ8efwVZwfvy3juu04c1agKZ7KamSD-ZhngEWvhWjNQfC6Ism5xDajARatMlx0TC3YMJF8YZICdgqfq91h4AdIUXB8idadQczawjex8I0u_XSgtWn0IqcEQyEXdmQj3p7taphIpYQ8N-SqqPbNDl9YdX9PtYt8-onasxL0LVTV1-YdqBgcS9Fv242Sm8hdstAIpnjYRpaCIRVBq-MmUkCnZBzwsGCC1tdr4yWKdnN9spBI4qkQyiqrpqeeOYPgZxSMYehnLWMI7bpMsI1NfizO7i0UPHTKh9Yqafg7zL2q7MBVAgVW4WSE8DyIigCxIiPluJcno_uQ18b4XxcXBt1eWZ2XTc3BHVkTKfr5jfuOg7oT4DaWb2yMyPROGy7BQzH05ICpLz_hWv1pKUWNlJIv18gOlRYcwFyBGEx1gZic123PDZX2v3spxTpZwkE4yFuWm2sxoeNWD9lvSw-IShG6OrdIbweP_1sRJQGZiQnEktmx_kwjWaeMfslaOiaOj9VKxGba2Q-34I_lG_hJGi4nRX3h22muK88SbWgW30HEbGieL5c2MTVfGOmKZyX5hr3OOeM2EYotEipKlSqfMCrYCDFVjpw6aycyZgR69UgaNRh1EOLj1arubhq6xUZGt4Y9qEALrGwBUP3T4le83plWPCzk7eA==\" rel=\"nofollow\" target=\"_blank\">here<\/a>), \u201cExecutive Compensation and Retirement Benefits\u201d (on page 66 and available <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=L8KYxUZ0fYDrNb1zHCJsUkAwJQ4JamZAXThp9HriqQPrPehnzBj9BZOkhW6XVzlEPtMU6OLj4EoVarN0utdMVOcM5X2C5RIGvboZbd5wR-PsiwQeFV2j9CnyCogdM5dPwjobW0Qm4GEv6V436uZBgmgPfzPY0YSSFm6B941yk2PCEh-Ofog2RIPfL8srRaVARwlZW3RBblwCW_TtR9WUcSkYI3AowA926gxWzvhM9hobQ8EPyqTX-26sLgiW_xzVvwODn_Yn8fXZ7hgnMFyV1nFqBIXB1XIOa_OiFRt45QSFF7kA1rTwFP28aCIjisV7lmfkd-12RiXAsis0ku3GU2dOZaUxDQT-nGbTuPF1gXSfkMnNUl-X3gx_9gjZiSf7a4kLVICs1lsYary8qKYcDEs2yVGj5xAdTGpVXztLSz5q4wc_a6YE2L2OuGkTosuw672TgbqouPtNMhW5T-1ed4J1BWBRtpyGAQ9wFjCn399IWj3in-Gdc_Cl6pQ4H2qAooMdU13DuPs1HvljEMEVhb6Kl3cex3mISXez-EYKesEVuOc__lTjimZnRYtjMxou52zhHVLKN6jyXc62buzyKe8Wl_sxfao-Rm1r161I-TnmY-vZXikK6hZCVaJyfLt7gqrcF0rw_thXR6KaP3E2ayIlcLa7LqV9I3kBsbNTqLfPK0TwkcFjgAB7F-UBja3-gi9FtHXcy4Aa7vBynmw5Tg==\" rel=\"nofollow\" target=\"_blank\">here<\/a>), and \u201cAppendix A\u201d (on page A-1 and available <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=L8KYxUZ0fYDrNb1zHCJsUuOUnLKUdgCVZBHBKWV_6CKw3oR_zj2W0PJGtDBcNh_yTW7mPJLLuDfk7PdiYvEkqknmO4tjx5Q5-6DWr-EGquS6kNE4Rj_d-4Z0bfpmlIVnNVC4u6yrTjcJ65HLifh_sfBPFrQ9-ZTpZJOBBdfPscxVbCYwI7tCRbIi0ORBWF-oggN4FBykFcmWYSDAcELKFOD1xeoarXWvJDS3L0h7f3SKlxbEwyBdq4eda-WMIxghPJ7GuOnRFgCoNZMnvVcquXIvg43x3ljHbZjwDHTUpCttrqG04KkEaMECdwO_TWxKp7i5EkRvkmezuS4QkgJoBHBrjnXDCmr26xVec6ACrdAP_gCEilyTHIrabomtt8Y4pikpoWw2h-zFVS3Ts0Lc5VVlUOYjrunSyjRI8aQcHmWhJYnBxSKTHZs7NAWpbFvo-AFqlJEPaKDeEZEdWRJQ5UUCvrl0bpWkD6g5OQiUwLNo-SbbXhtUM7YXyFoQ649KSQ1YZooxy0RnjGI8thKJLaaW1slGvPC9a01jqKCyGpxVhhADaSY9No4iXU1yES2Vm9ualpajKmeMITLqvO6Ln-oduys9TOz7QPuX6eyjZvomgHInhNrKv448YuOXqqWVhpFhRG0ey5q6Q4A1vNWSvTDGzc32OskAwdTMuHUhuKpMnnT6BfdcfwthPNI_Fl-3axU5I-6zS9rfQhXor3_k_Q==\" rel=\"nofollow\" target=\"_blank\">here<\/a>), respectively, in the Company\u2019s definitive proxy statement, dated January 7, 2025, for its 2025 Annual Meeting as filed with the SEC on Schedule 14A, available <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=L8KYxUZ0fYDrNb1zHCJsUtSgT5MvDs3-Fv5si3p36hmGSWAhMbksR9-IiNbZBEqSkQkqeLDjROT5lGqm-kr38q9NaPjqTHjAgWBNOtLjbCLekCb-IMQKVePOJXBpD9TCl-oYoDfj0AQOU_udznhgLsHkIe3SyZ3A6hPFVYHQd8VZYTXYoWMIKx4XW6KLQ03fWo6RMYNBBK7g7DuzDyJx8_2bO4AJr2_4IvVluxjfzRMdgIRtD5gGl7QtsCNAerpDigtc_jwLdZjkLR2hXFhFqZCbbzMF7mlyFKuy6SEZz6aNnWcUN71vMwM3qEtvuGpWoio_CPhB8ibd_v_pKIn2p_Gn9tqjrnCYjFHmhOKlaSAWTdAbwBA_OGDEqsqFVO6hfbjidRgKkby_IKOoDcEu-5ZiqzQKvQNbyBDG4dl7AG0dFqOK0Dta3mi-ZyYmmIOypu3TvohjiPF-iENEfsfX4Iivi2Ps90zurWm-ZHGGBi4nscM6bw18t5rx4UHm9Dw7g6pLwNl3GQ0z6E5RzXAvsRYgkQJIUckW-22MZyOniAslao08X5iEgdaAN9El1ATzlDifJwdGzldJOtXZRscg4KYxrwu8uYOR5-xedwwhdrYc0HObuTpfBCzRt4Q3Gi1tykg2d2nywzRXrJun5OfGE_vNssy0pYcLQKZTNrzwx_O1KteqvmfgMlLcixpeCUKLN1w_l786tauuKLuS3ckufA==\" rel=\"nofollow\" target=\"_blank\">here<\/a>. Additional information regarding the interests of these participants in the solicitation of proxies in respect of the 2025 Annual Meeting and other relevant materials will be filed with the SEC when they become available. These documents are or will be available free of charge at the SEC\u2019s website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=FwA_xiO5ZU7xekJZc6u0KxPFKmE9VzJ_NWpE9K7dNON6ir5pkl_Sbraauiumiq6bIhMa8NGErSxO36VI0OhhDMhxzEVeaLDi4pGmXM09RWlVbVc22vi5hS60B7hcbNI5qA68Vzcprd7mjXefX_9mb2KXaU0zBtA9YBvkC6TKwqGnDu7OEofJO8iHJRKyVINej2bADtBZa350OdlVu8PaJsxqcij5DYtPjeKZ6OAQKTUkZTcMfZGj0QKPzce9Won1vfy3VLHSw1if40Bq9EvTx_N_v1iiKo-bT5AUcBwxEkmIQ0ErIeX8G7wDltBcCc49VMVk2uaPQ2diHK9ue8g8nnWP7b9aq34sjgXqPJ84429v3CH1AbsIgUjx0JSx9UtJ05fj4KmRDT_Kmf8UpWo1IQa9m-_ASdFPMImGZM8Lf6EhMyb7nSiR3Kbzbaq_J7xb4WQEAkOqsEjPgRX8KP-aiktLxo2dJXj90Hjtsf4y_bEzZTrAKLLQue08dlOQiQzo8wtHxP3LwUkN-UoV_isqxnYmFfR3yI-PehNYTGI79U18ifu3wJqX9kqCNLQmrS-gcy86G7M8w4AmFBT2Z5he2bETgDgh7anH4jd_7LNPTu0=\" rel=\"nofollow\" target=\"_blank\">www.sec.gov<\/a>.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong><br \/>\n        <br \/>Any forward-looking statements contained in this release are included pursuant to the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, beliefs, intentions or strategies of the Company regarding the future, including statements regarding the anticipated timing and benefits of the proposed joint venture transaction, and may be identified by the use of words such as \u201cexpects,\u201d \u201cbelieves,\u201d \u201cintends,\u201d \u201cprojects,\u201d \u201canticipates,\u201d \u201cestimates,\u201d \u201cplans,\u201d \u201cseeks,\u201d \u201cforecasts,\u201d \u201cpredicts,\u201d \u201cobjective,\u201d \u201ctargets,\u201d \u201cpotential,\u201d \u201coutlook,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201ccould\u201d or the negative of these terms, other comparable terminology and variations thereof. Such forward-looking statements involve known and unknown risks and uncertainties that may cause the Company\u2019s actual results in future periods to be materially different from management\u2019s expectations, and no assurance can be given that such expectations will prove correct. Factors that could cause the Company\u2019s results to differ materially from the results discussed in such forward-looking statements principally include our ability to satisfy the conditions precedent to the consummation of the proposed joint venture transaction on the expected timeline or at all, our ability achieve the anticipated benefits of the proposed joint venture transaction, uncertainties regarding future actions that may be taken by Barington in furtherance of its intention to nominate director candidates for election at the Company\u2019s 2025 Annual Meeting, potential operational disruption caused by Barington\u2019s actions that may make it more difficult to maintain relationships with customers, employees or partners, changes in domestic or international economic conditions, changes in foreign currency exchange rates, changes in interest rates, changes in the cost of materials used in the manufacture of the Company\u2019s products, any impairment of goodwill or intangible assets, environmental liability and limitations on the Company\u2019s operations due to environmental laws and regulations, disruptions to certain services, such as telecommunications, network server maintenance, cloud computing or transaction processing services, provided to the Company by third-parties, changes in mortality and cremation rates, changes in product demand or pricing as a result of consolidation in the industries in which the Company operates, or other factors such as supply chain disruptions, labor shortages or labor cost increases, changes in product demand or pricing as a result of domestic or international competitive pressures, ability to achieve cost-reduction objectives, unknown risks in connection with the Company\u2019s acquisitions and divestitures, cybersecurity concerns and costs arising with management of cybersecurity threats, effectiveness of the Company\u2019s internal controls, compliance with domestic and foreign laws and regulations, technological factors beyond the Company\u2019s control, impact of pandemics or similar outbreaks, or other disruptions to our industries, customers, or supply chains, the impact of global conflicts, such as the current war between Russia and Ukraine, the outcome of the Company\u2019s dispute with Tesla, Inc. (\u201cTesla\u201d), the Company\u2019s plans and expectations with respect to its exploration, and contemplated execution, of various strategies with respect to its portfolio of businesses, the Company\u2019s plans and expectations with respect to its Board, and other factors described in the Company\u2019s Annual Report on Form 10-K and other periodic filings with the U.S. Securities and Exchange Commission.<\/p>\n<p>Matthews International Corporation<br \/>Corporate Office<br \/>Two NorthShore Center<br \/>Pittsburgh, PA 15212-5851<br \/>Phone: (412) 442-8200<\/p>\n<p>\n        <strong>Contacts<\/strong>\n      <\/p>\n<p>\n        <strong>Matthews International Corporation<\/strong><br \/>\n        <br \/>Steven F. Nicola<br \/>Chief Financial Officer and Secretary<br \/>(412) 442-8262<\/p>\n<p>Dan Moore \/ Scott Bisang \/ Clayton Erwin <br \/>MATW-CS@collectedstrategies.com<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyODQyOCM2Njg0MDUwIzIwMTkwMTU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/MmMzOGJlZmUtZGRlYS00NDZiLWI0MDEtNzkzYTcxYzExYmVjLTEwMzA1ODg=\/tiny\/Matthews-International-Corpora.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Matthews to sell SGK to a newly formed entity created by affiliates of SGS &amp; Co Matthews to realize upfront consideration of $350 million and receive 40% interest in new entity Initial enterprise value of new entity ~$900 million, representing adjusted EBITDA multiple of 9x Cash proceeds to be used for immediate debt repayment New entity projected to realize over $50 million of annual cost synergies PITTSBURGH, Jan. 08, 2025 (GLOBE NEWSWIRE) &#8212; Matthews International Corporation (NASDAQ GSM: MATW) (\u201cMatthews\u201d or the \u201cCompany\u201d) and affiliates of SGS &amp; Co (\u201cSGS\u201d) have entered into a definitive agreement under which Matthews will sell its interest in SGK Brand Solutions (\u201cSGK\u201d) to a newly formed entity created by affiliates of SGS, which will &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/matthews-international-to-sell-sgk-brand-solutions\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Matthews International to Sell SGK Brand Solutions&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-798932","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - 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