MATTHEWS INTERNATIONAL CORPORATION (NASDAQ:MATW) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
it acquired Equator, Ltd. (Equator) effective March 1, 2017.
Equator is a design agency with subject matter experts in grocery
retail and CPG brands with the rare capability to take brands
from creation to shelf under one roof, with one team, and will
join the Companys SGK Brand Solutions segment. The purchase price
for Equator was 33 million (U.S. $41 million) on a cash-free,
debt-free basis, subject to a working capital adjustment. Equator
reported sales of approximately 21 million (U.S. $26 million) in
calendar 2016. Equator has three locations, including its
headquarters, in the United Kingdom and one in Chicago, with
approximately 255 employees.
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Exhibit Number
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Description
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99.1
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Press Release, dated March 1, 2017, issued by Matthews
International Corporation. |
About MATTHEWS INTERNATIONAL CORPORATION (NASDAQ:MATW)
Matthews International Corporation is a provider of brand solutions, memorialization products and industrial technologies. The Company operates through three segments: SGK Brand Solutions, Memorialization and Industrial Technologies. The SGK Brand Solutions segment provides brand development, deployment and delivery (consisting of brand management, printing plates and cylinders, pre-media services and imaging services for consumer packaged goods and retail customers, merchandising display systems, and marketing and design services). The Memorialization segment manufactures and markets a line of memorialization products used primarily in cemeteries, funeral homes and crematories. The Industrial Technologies segment designs, manufactures and distributes a range of marking, coding and industrial automation solutions, order fulfillment systems and related consumables. MATTHEWS INTERNATIONAL CORPORATION (NASDAQ:MATW) Recent Trading Information
MATTHEWS INTERNATIONAL CORPORATION (NASDAQ:MATW) closed its last trading session up +1.30 at 67.15 with 105,916 shares trading hands.