Matthews International Announces Closing of Sales of European Packaging and Tooling Businesses [Yahoo! Finance]
Matthews International Corporation - Class A (MATW)
Last matthews international corporation - class a earnings: 1/30 04:15 pm
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Source: Yahoo! Finance
the Company has closed on the sales of its European roto-gravure packaging and tooling businesses. Total consideration to be received from these sales is $41 million, consisting of $22 million of cash, $12 million of assumed debt and pension liabilities, and seller financing of $7 million. Cash proceeds of $18 million were received with the remaining cash amount of $4 million due within six months of the closing date. Mr. Bartolacci, President and Chief Executive Officer of Matthews International, stated: "The sale of these businesses is another step toward a more streamlined business structure and our commitment to unlocking the value of our Company in addition to further debt reduction. Adjusted EBITDA for these businesses was approximately break-even for each of the past two fiscal years on sales approximating $100 million for each year. All cash proceeds will be immediately applied to debt reduction upon receipt." About Matthews International Corporation Matthews Internation
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MATW
News
- Matthews International Announces Agreement with Barington Capital [Yahoo! Finance]Yahoo! Finance
- Matthews International Announces Agreement with Barington CapitalPR Newswire
- Matthews International Announces Notice of Redemption for All of its 8.625% Senior Secured Second Lien Notes due 2027 [Yahoo! Finance]Yahoo! Finance
- Matthews International Announces Notice of Redemption for All of its 8.625% Senior Secured Second Lien Notes due 2027PR Newswire
- Matthews International Announces First Quarter Fiscal 2026 Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
MATW
Earnings
- 11/20/25 - Beat
MATW
Sec Filings
- 1/15/26 - Form PRER14A
- 1/15/26 - Form DEFA14A
- 1/15/26 - Form 8-K
- MATW's page on the SEC website