Matthews International Corporation closed the sale of its Warehouse Automation business to Duravant, LLC on December 31 2025. The transaction generated $232.1 million in total consideration, of which $225.4 million was paid in cash and the remainder represented the assumption of certain liabilities by Duravant.
The $232.1 million proceeds will be used to pay down Matthews’ debt, helping the company move toward its target net leverage ratio of 2.5x or less. The cash infusion also removes a non‑core, low‑margin segment from Matthews’ industrial portfolio, sharpening the balance sheet and freeing capital for higher‑margin growth areas.
This sale is the latest step in Matthews’ portfolio transformation strategy, which began with the divestiture of its Brand Solutions (SGK) segment in January 2025 and closed in May 2025 for $350 million upfront and a 40% equity stake in the new entity. The combined effect of these divestitures is to concentrate Matthews’ operations on its Memorialization and Industrial Technologies businesses, where the company sees the strongest growth prospects, particularly in energy‑storage and precision technologies.
President and CEO Joseph C. Bartolacci said the transaction “is a direct outcome of the strategic alternatives evaluation, reflecting our commitment to unlocking shareholder value and further reducing our debt toward our long‑term net leverage ratio goal of 2.5x.” He added that the purchase price was “significantly accretive to Matthews’ current trading range.”
While the market reaction to the SGK sale was positive, no specific reaction data are available for the Warehouse Automation sale. The earlier‑than‑expected closing—originally projected for March 2026—underscores Matthews’ ability to execute its transformation plan efficiently.
The completion of this sale marks a significant milestone in Matthews’ shift toward a leaner, higher‑margin business model, positioning the company to invest more aggressively in its core growth engines and to strengthen its financial resilience.
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