Matthews International Corporation has signed a definitive agreement to sell its Warehouse Automation business, part of its Industrial Technologies segment, to Duravant LLC for $230 million. The total consideration includes $223.3 million in cash and the assumption of certain liabilities. Proceeds from the sale, net of taxes and transaction costs, will be used primarily to reduce Matthews' outstanding debt and strengthen its balance sheet. The Warehouse Automation business generated $72 million in sales for fiscal year 2025. The transaction is expected to close before the end of Matthews' fiscal 2026 second quarter. The company stated that its review of strategic alternatives to enhance value creation remains ongoing.
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 GlobeNewswire (Ref. ID: GNW9574767-en) on November 13, 2025, and is solely responsible for the information contained therein.