Matthews International Corporation Announces Clearance of Remaining Foreign Anti-Trust Regulatory Requirements

Core Viewpoint - Matthews International Corporation has announced the clearance of all remaining foreign anti-trust and competition authority regulatory requirements for the proposed sale of its interest in SGK Brand Solutions to SGS & Co, anticipating the transaction to close before the end of the current fiscal quarter [1][2]. Group 1: Transaction Details - The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired in February 2025, allowing the transaction to proceed [1]. - The company plans to use the cash proceeds from the transaction primarily for debt reduction, with a portion also allocated for stock repurchases due to the recent value of its common stock [2]. Group 2: Company Overview - Matthews International Corporation operates in three main segments: Memorialization, Industrial Technologies, and SGK Brand Solutions, employing over 11,000 people across more than 30 countries [3]. - The Memorialization segment provides products such as memorials, caskets, and cremation-related equipment, primarily serving cemetery and funeral home customers [3]. - The Industrial Technologies segment focuses on high-tech custom energy storage solutions and warehouse automation technologies [3]. - The SGK Brand Solutions segment specializes in packaging solutions and brand experiences, aiding companies in marketing and brand amplification [3].