SGS to acquire SGK Brand Solutions from Matthews International for $350m.

SGS, a global brand agency, agreed to acquire SGK Brand Solutions, a brand and content powerhouse, from Matthews International, a global provider of memorialization products, industrial technologies, and brand solutions, for $350m. “As a result of this transaction, we are moving toward a more streamlined business structure that can be better valued by the public equity markets. The structure of the transaction provides Matthews with immediate cash to prioritize debt repayment while providing a path for a full exit of the business at a strong valuation. The Board’s review of strategic alternatives for our portfolio of businesses remains ongoing and we are committed to creating increased value for our shareholders,” Joseph Bartolacci, Matthews CEO.