MATTHEWS INTERNATIONAL CORP (MATW): M&A transaction — Matthews closes sale of SGK Brand Solutions; receives $250M cash, 40% equity in new JV

MATTHEWS INTERNATIONAL CORP

Upfront consideration of $350M: $250M cash at closing, $50M preferred equity, $50M trade receivables retained; plus 40% common equity in new entity.
Cash proceeds used to significantly reduce outstanding debt, strengthening balance sheet for future initiatives.
New entity combining SGK and SGS projected to realize >$50M annual cost synergies over 30 months; Gary Kohl appointed CEO, Matthew Gresge Executive Chairman.
Gary Kohl, former Group President SGK, resigned as Matthews executive officer; his restricted stock units amended to guarantee vesting at 100% of targets.
SGK business no longer fully consolidated; reported under equity method. Board's strategic review of remaining portfolio ongoing.

item 2.01 item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Gary R. Kohl

Group President, SGK Brand Solutions

MATW · MATTHEWS INTERNATIONAL CORP

Filed: May 1, 2025, 7:59 PM ET

Gary R. Kohl, Group President, SGK Brand Solutions was appointed Chief Executive Officer of the Joint Venture and resigned as an executive officer of Matthews.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Gary R. Kohl resigned as Group President, SGK Brand Solutions at MATTHEWS INTERNATIONAL CORP.

Action: resigned
Role: Group President, SGK Brand Solutions

Exact text from the filing

Gary R. Kohl, Group President, SGK Brand Solutions was appointed Chief Executive Officer of the Joint Venture and resigned as an executive officer of Matthews.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

MATTHEWS INTERNATIONAL CORP completed a disposition involving Logo Holdings II Corporation and Peninsula Parent LLC for $250.0 million cash, $50.0 million preferred equity, and 40% common equity (closed 2025-05-01).

Action: disposition
Counterparty: Logo Holdings II Corporation and Peninsula Parent LLC
Consideration: $250.0 million cash, $50.0 million preferred equity, and 40% common equity
Closing: 2025-05-01

Exact text from the filing

Matthews’ SGK Brand Solutions division (collectively, the “SGK Entities”) in exchange for (i) common equity interests in the Joint Venture (“JV Common Units”) representing 40% of the outstanding JV Common Units as of the closing of the transactions completed under the Contribution Agreement (the “Transactions”) (the “Closing”), (ii) preferred equity

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4 m&a transactions filed in the last 30 days. Browse all m&a transactions →

MATTHEWS INTERNATIONAL CORP filing history →

Source: SEC EDGAR

accession 0001193125-25-110083

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