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| MATW > SEC Filings for MATW > Form 8-K on 19-Sep-2012 | All Recent SEC Filings |
19-Sep-2012
Regulation FD Disclosure, Financial Statements and Exhibits
Matthews International Corporation today announced that the Company has signed a definitive agreement for the purchase of Wetzel Holding AG, Wetzel GmbH and certain related affiliates (collectively "Wetzel"). Wetzel is a leading European provider of pre-press services and gravure printing forms. Wetzel is headquartered in Muenchenstein/BL, Switzerland and has its principal manufacturing operations in Germany and Poland. Its products and services are sold primary within Europe. The acquisition is designed to expand Matthews' products and services in the global graphics imaging market.
The purchase price for Wetzel will be will be approximately €42.5 million on a cash-free, debt-free basis plus potential additional consideration up to €2.2 million based upon operating results. The transaction is subject to regulatory approval in Germany and is expected to close during Matthews' 2013 first quarter. Wetzel reported sales of approximately €44.4 million in fiscal 2011 and has approximately 400 employees.
99.1 Press Release, dated September 19, 2012, issued by Matthews International Corporation.
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