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8-K//Current report

MATTHEWS INTERNATIONAL CORP 8-K

Accession 0001193125-25-338050

$MATWCIK 0000063296operating

Filed

Dec 30, 7:00 PM ET

Accepted

Dec 31, 12:55 PM ET

Size

155.8 KB

Accession

0001193125-25-338050

Research Summary

AI-generated summary of this filing

Updated

Matthews International Corp Completes Sale of Automation Unit for $232M

What Happened
Matthews International Corporation announced it completed the sale of its wholly owned subsidiary, Matthews Automation Solutions, LLC, and certain related assets to Duravant LLC on December 31, 2025. Under the Equity Purchase Agreement dated November 12, 2025, Matthews received approximately $232 million in total consideration, consisting of $225.4 million in cash plus the buyer’s assumption of certain liabilities related to the business. The company issued a press release on the closing date announcing the transaction.

Key Details

  • Buyer: Duravant LLC; Seller: Matthews International Corporation (Pennsylvania corporation).
  • Closing Date: December 31, 2025.
  • Total consideration: ~ $232 million (cash consideration $225.4 million + assumption of certain liabilities).
  • Agreement date: Equity Purchase Agreement dated November 12, 2025 (previously filed as Exhibit 2.1); press release filed as Exhibit 99.1.

Why It Matters
This 8-K reports a completed divestiture: Matthews no longer holds Matthews Automation Solutions as of the closing date and has received the stated consideration. The cash and liability assumption are concrete, reported outcomes of the transaction and are likely to affect Matthews’ reported assets and business composition going forward. Investors should note the company furnished a press release announcing the closing and review the company’s future filings for any detailed financial impacts (e.g., proceeds allocation, gains/losses, and reporting-period effects).