Matthews International Announces Acquisition of Star Granite & Bronze
Matthews International Corporation - Class A (MATW)
Last matthews international corporation - class a earnings: 1/30 04:15 pm
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Source: GlobeNewswire
PITTSBURGH, Feb. 01, 2018 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ:MATW) (“Matthews” or the “Company”) today announced that the Company has acquired Star Granite & Bronze, based in Elberton, Georgia, for $41.2 million, subject to a working capital adjustment and potential contingent consideration adjustment based on future performance. Star, a family-owned business, is a well-respected manufacturer and distributor of granite and other memorialization products to cemeteries and other customers across the United States. In the year ended December 31, 2017, Star’s revenues were approximately $31.3 million and the company has approximately 200 employees. Matthews plans to integrate Star within its Matthews Cemetery Products business, part of its Memorialization Segment, a leading total solutions provider to the funeral and cemetery industries. Matthews and Star share established traditions of providing customers with the highest quality products and superior custo
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News
- Matthews International (NASDAQ:MATW) Has More To Do To Multiply In Value Going Forward [Yahoo! Finance]Yahoo! Finance
- Matthews International: Industrial Turnaround And Margins [Seeking Alpha]Seeking Alpha
- Matthews International’s Engineering Business Establishes Hydrogen Fuel Cell (HFC) Development Center in Burlington, NCGlobeNewswire
- Matthews International Co. (NASDAQ: MATW) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Matthews International Co. (NASDAQ: MATW) had its price target lowered by analysts at B. Riley from $61.00 to $59.00. They now have a "buy" rating on the stock.MarketBeat
MATW
Earnings
- 2/1/24 - In-Line
MATW
Sec Filings
- 3/11/24 - Form 4
- 3/11/24 - Form 4
- 3/11/24 - Form 4
- MATW's page on the SEC website