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0 0 0.000904159132007182 0.000904159132007182 0.00361663652802886 0.00994575045207951 0.0108499095840868 0.00994575045207951
Stock impact report

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 Check Earnings Report
US:NASDAQ Investor Relations: matw.com/investor
Company Research 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 Show less Read more
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