Matthews announces clearance of foreign anti-trust regulatory requirements

Matthews (MATW) International previously reported, in February 2025, the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with the proposed sale of its interest in SGK Brand Solutions to a newly formed entity created by affiliates of SGS & Co, which will combine SGK and SGS. Today, the Company has announced the clearance of all remaining foreign anti-trust and competition authority regulatory requirements. As a result, the parties anticipate closing before the end of the current fiscal quarter, subject to the satisfaction of other customary closing conditions. Bartolacci, President and Chief Executive Officer of Matthews, stated: “We look forward to closing the transaction and beginning to realize the significant opportunities through the combination of these businesses. As previously indicated, the Company intends to apply the cash proceeds received upon closing primarily for debt reduction purposes. However, given the recent value of the Company’s common stock, we also now expect to utilize a portion of the proceeds for stock repurchases.”