Matthews International completed the acquisition of OLBRICH and R+S Automotive from Borgers for $45m.

Matthews International, a global provider of brand solutions, memorialization products and industrial technologies, completed the acquisition of OLBRICH, a production machinery and equipment manufacturer, and R+S Automotive, a manufacturer of tools and machines for the manufacture of interior parts for the automotive industry, from Borgers, a firm that develops and produces acoustically efficient components for automobiles, for $45m. “Matthews is the right partner for our future. OLBRICH, like Matthews, is making great strides in helping to scale up the manufacturing of hydrogen fuel cell components. With OLBRICH’s recent order for a mass production line for gas diffusion layers, and Matthews’ strength in the field of bipolar plates, our combined portfolio is well positioned to create a market force not only as a supplier to OEMs but also as a key production partner across Energy, Specialty & Pharma, Packaging and Home Décor," Bastian Kuhl, OLBRICH and R+S Automotive CEO.