Matthews International sells Warehouse Automation business to Duravant for $230M

MATTHEWS INTERNATIONAL CORP

Total consideration of $230M ($223.3M cash plus assumption of certain liabilities).
Warehouse Automation business generated $72M in sales in fiscal 2025; part of Industrial Technologies segment.
Proceeds to be used primarily to reduce debt, strengthening balance sheet toward 2.5x net leverage target.
Strategic alternatives review remains ongoing; J.P. Morgan conducted the sale process.
Transaction expected to close before end of fiscal 2026 Q2, subject to regulatory approval (HSR).

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