Published • loading... • Updated
MATTHEWS INTERNATIONAL ANNOUNCES PARTIAL REDEMPTION OF PREFERRED EQUITY INTEREST IN PROPELIS
The company said the redemption supports adjusted EBITDA growth and shareholder returns as Propelis continues to perform in line with expectations.
- On Tuesday, Matthews International Corporation announced receipt of $28 million from the partial redemption of its preferred equity interest in Propelis.
- The Propelis joint venture, formed through the merger of SGK Brand Solutions and SGS, has performed in line with expectations since the merger one year ago, President and Chief Executive Officer Joseph Bartolacci stated.
- This partial redemption demonstrates the business's ability to capture synergies, grow adjusted EBITDA, and return value to shareholders through its Industrial Technologies and Memorialization core businesses.
- With over 4,300 employees in 15 countries, Matthews International maintains a significant global presence committed to delivering quality products and services across four continents.
- The company's forward-looking statements regarding future expectations are included pursuant to the 'safe harbor' provisions of the Private Securities Litigation Reform Act, which involves potential risks from global economic conditions and conflicts.
Insights by Ground AI
14 Articles
14 Articles
Bennington Banner+13 Reposted by 13 other sources
MATTHEWS INTERNATIONAL ANNOUNCES PARTIAL REDEMPTION OF PREFERRED EQUITY INTEREST IN PROPELIS
PITTSBURGH, May 19, 2026 /PRNewswire/ -- Matthews International Corporation (NASDAQ GSM: MATW) today announced receipt of $28 million of proceeds for the partial redemption of its preferred equity interest in Propelis.
Coverage Details
Total News Sources14
Leaning Left4Leaning Right1Center4Last UpdatedBias Distribution45% Left, 44% Center
Bias Distribution
- 45% of the sources lean Left, 44% of the sources are Center
45% Left
L 45%
C 44%
11%
Factuality
To view factuality data please Upgrade to Premium
