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0 0 0.00095219958103213 0.00095219958103213 -0.00133307941344506 0.000190439916206399 -0.00209483907827079 -0.00285659874309666
Stock impact report

Matthews International Announces Closing of Warehouse Automation Sale [Yahoo! Finance]

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: Yahoo! Finance
The proceeds from the transaction, net of taxes and transaction costs, will be used to significantly reduce outstanding debt. Matthews' strategic review remains ongoing. PITTSBURGH Dec. 31, 2025 /PRNewswire/ -- Matthews International Corporation (NASDAQ GSM: MATW) ("Matthews" or the "Company") today announced the successful closing of the sale of its Warehouse Automation business to Duravant, LLC ("Duravant"). Under the terms of the transaction, Matthews received total consideration of $232.1 million, representing cash consideration of $225.4 million plus the assumption of certain liabilities of the business. The Warehouse Automation business generated sales of $72 million in fiscal 2025. Joseph C. Bartolacci, President and Chief Executive Officer of Matthews International, stated: "This transaction is a direct outcome of the strategic alternatives evaluation, reflecting our commitment to unlocking shareholder value and further reducing our debt toward our long-term net leverag Show less Read more
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