Matthews International Corporation Announces the Completion of the Purchase of Wetzel Group

(PresseBox) (Pittsburgh, ) Matthews International Corporation (Nasdaq: MATW) today announced the completion of its 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. Matthews initially announced on September 19, 2012 the signing of the definitive agreement for the purchase, which was subject to regulatory approval in Germany.

Wetzel will operate as a subsidiary within the Graphics Imaging Group of Matthews Brand Solutions. Sales for Wetzel were estimated to be approximately €40 million (U.S.$52 million) for fiscal 2012 and the company has approximately 400 employees.

Saueressig, a part of Matthews International Corporation, is pleased to have recently acquired Wetzel as a strong partner for future development. With this acquisition, Matthews further strengthens its reach and expertise in the world of gravure printing.


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