Matthews International Acquires OLBRICH GmbH And R S Automotive GmbH [TheStreet.com]
Matthews International Corporation - Class A (MATW)
Last matthews international corporation - class a earnings: 1/30 04:15 pm
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Source: TheStreet.com
PITTSBURGH, June 21, 2022 (GLOBE NEWSWIRE) -- (NASDAQ GSM: MATW) today announced that the Company signed an agreement to acquire German based engineering firms, OLBRICH GmbH ("OLBRICH") and R+S Automotive GmbH ("R+S Automotive"), for EUR €43 million (approximately U.S. $45 million). OLBRICH and R+S Automotive have combined annual revenues in excess of $100 million. Headquartered in Bocholt, Germany, OLBRICH is a production and intelligent equipment manufacturer, specializing in purpose-built rotary processing equipment, including equipment used in the manufacturing of dry and wet electrodes for lithium-ion batteries and components for hydrogen fuel cells used in electric vehicles, with additional strong positions in Specialty & Pharma, Packaging and Home & Décor. R+S Automotive is a specialty engineering services provider of automation, plant and tooling concepts for automotive manufacturing companies around the world. The closing of the transaction is subject to certain regulatory a
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MATW
Earnings
- 2/1/24 - In-Line
MATW
Sec Filings
- 4/9/24 - Form SC
- 3/11/24 - Form 4
- 3/11/24 - Form 4
- MATW's page on the SEC website