Business News

Matthew International Corporation signs definitive agreements for the purchase of Ungricht and Dornbusch

Wednesday 23. November 2016 - Matthews International Corporation (NASDAQ GSM: MATW; "Matthews" and/or the "Company") has announced that the Company, through its affiliate, has signed definitive agreements for the purchase of A. + E. Ungricht GmbH + Co KG (hereafter "Ungricht") and Dornbusch Engraving GmbH (hereafter "Dornbusch").

Ungricht is a leading European provider of pre-press services and gravure printing forms, located in Moenchengladbach, Germany. The products and services are sold worldwide. Dornbusch has a profound expertise in embossing rollers and corresponding services, located in Kempen, Germany. The acquisitions are designed to expand Matthews’ products and services in the global surfaces market.

Joseph C. Bartolacci, President and Chief Executive Officer of Matthews, stated, “The combination of our existing businesses with Ungricht and Dornbusch will increase our European production capacities and provide expanded product and service capabilities for our European and global customers.” Terms of the acquisition were not immediately disclosed.

The transactions, which are subject to regulatory approval in Germany, are expected to close during Matthews’ 2017 second fiscal quarter.