Matthews International Cashes In: Another $50M Sale Advances Debt Reduction Plan

Matthews International Corporation (NASDAQ:MATW) has announced its intent to sell the remaining operations within its SGK Brand Solutions segment, which includes its European roto-gravure packaging and surface businesses.

Under the letter of intent terms, the company will receive $50 million, primarily in cash, to reduce its debt. This follows a previously announced $350 million transaction for selling its SGK interests, reinforcing Matthews’ strategic shift and financial restructuring.

The ...

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