On April 15, 2025, Matthews International Corporation announced the clearance of all remaining foreign anti-trust and competition authority regulatory requirements for the proposed sale of its interest in SGK Brand Solutions. This follows the expiration of the Hart-Scott-Rodino waiting period in February 2025.
With all regulatory hurdles cleared, the parties anticipate closing the transaction before the end of the current fiscal quarter. This marks a significant step towards completing the strategic divestiture, which is expected to simplify Matthews' corporate structure.
Joseph Bartolacci, President and CEO, stated that the company intends to apply the cash proceeds received upon closing primarily for debt reduction. Additionally, given the recent value of the company’s common stock, Matthews now expects to utilize a portion of the proceeds for stock repurchases, signaling a commitment to enhancing shareholder value.
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