Workflow
Warehouse Automation business
icon
Search documents
Matthews International Announces Sale of Warehouse Automation Business for $230 million
Globenewswire· 2025-11-13 14:00
Cash proceeds to be used to reduce debt and strengthen balance sheetFurther positions Company to deliver enhanced shareholder valueStrategic alternatives review remains ongoing PITTSBURGH, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) (“Matthews” or the “Company”) today announced that the Company signed a definitive agreement for the sale of its Warehouse Automation business to Duravant LLC (“Duravant”), a global leader in engineered equipment and automation solutio ...