On May 12, 2025, Matthews Memorialization, a division of Matthews International Corporation, announced the acquisition of The Dodge Company for $57 million. Dodge is a leading supplier of embalming chemicals and supplies in North America, with approximately $43 million in annual sales.
This acquisition is a strategic move to advance Matthews’ goal of providing a comprehensive product offering to its death care industry customers. The Dodge Company is expected to add around $12 million of annual EBITDA, offering both cost and revenue synergies.
Steve Gackenbach, Matthews Memorialization Group President, stated that Dodge is a market leader and an ideal addition to their suite of offerings. This accretive tuck-in acquisition reinforces the Memorialization segment's market leadership and consistent financial performance.
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