Matthews International Closes $232 Million Sale of Warehouse Automation Business to Duravant

Matthews International Corporation Class A +0.40%

Matthews International Corporation Class A

MATW

25.38

+0.40%

Matthews International Corporation has completed the sale of its Warehouse Automation business to Duravant, LLC for total consideration of $232.1 million. The deal includes $225.4 million in cash and the assumption of certain liabilities. Proceeds from the transaction, net of taxes and transaction costs, will be used to significantly reduce the company’s outstanding debt. Matthews’ strategic review to enhance shareholder value remains ongoing. The Warehouse Automation business generated $72 million in sales in fiscal 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Matthews International Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: NE55130) on December 31, 2025, and is solely responsible for the information contained therein.