Pennsylvania Business Report
Matthews International completes sale of European businesses
Pittsburgh-based Matthews International Corp. has closed on the sales of its European roto-gravure packaging and tooling businesses for a deal valued at $41 million, consisting of $22 million in cash, $12 million in assumed debt and pension liabilities, and seller financing of $7 million. “The sale of these businesses is another step toward a more streamlined business structure and our commitment to unlocking the value of our company in addition to further debt reduction,” Matthews Inte...
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