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Matthews International Announces Closing of Sales of European Packaging and Tooling Businesses

Matthews International on Jan. 7, 2026 completed the sale of its European roto-gravure packaging and tooling businesses for $41 million, including $22 million cash, $12 million assumed liabilities, and $7 million seller financing.
The sale advances a streamlined structure and aims to unlock value as part of operational efficiency and long-term growth, with all cash proceeds immediately applied to debt reduction upon receipt, Mr. Bartolacci, President and Chief Executive Officer of Matthews International, said.
Adjusted EBITDA was approximately break-even for two fiscal years on sales approximating $100 million per year, with $18 million received at closing and $4 million due within six months.
The divestiture exits Matthews' European packaging and tooling operations, reshaping its portfolio and intersecting with its Propelis investment, potentially affecting joint-venture benefits.
The company cautioned that forward-looking statements involve risks including Propelis joint-venture performance, economic and currency changes, supply-chain disruptions and global conflicts.

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Matthews International Announces Closing of Sales of European Packaging and Tooling Businesses

PITTSBURGH, Jan. 7, 2026 /PRNewswire/ -- Matthews International Corporation (NASDAQ GSM: MATW) ("Matthews" or the "Company") today announced that the Company has closed on the sales of its European roto-gravure packaging and tooling businesses. Total consideration to be received from…

4 months ago·Buffalo, United States

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