Matthews International(US:MATW) Prnewswire·2025-12-31 15:28Core Viewpoint - Matthews International Corporation successfully closed the sale of its Warehouse Automation business to Duravant, receiving total consideration of $232.1 million, which will be used to reduce outstanding debt and enhance shareholder value [2][3]. Financial Summary - The total consideration for the Warehouse Automation business includes cash of $225.4 million and the assumption of certain liabilities [2]. - The Warehouse Automation business generated sales of $72 million in fiscal 2025 [2]. Strategic Insights - The transaction is part of Matthews' ongoing strategic review aimed at unlocking shareholder value and achieving a long-term net leverage ratio goal of 2.5x [3]. - The purchase price reflects a compelling valuation multiple that is significantly accretive to Matthews' current trading range [3]. Company Overview - Matthews International operates through two core global businesses: Industrial Technologies and Memorialization, focusing on operational efficiency and long-term growth through innovation and strategic expansion [4]. - The Industrial Technologies segment is a leading global innovator in precision technologies, while the Memorialization segment provides memorial products primarily to cemetery and funeral home customers [4]. - The company has over 5,400 employees across 19 countries, committed to delivering high-quality products and services [4].