-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, O6SAeQRRwlE7Zw2qm+yVrFEDJomPnZCSqmpkqCg53z4jMSS17j4ucn3pB+jg8xwP 7xGZl5oMZm+ZkAjAHCpH5A== 0000063296-04-000023.txt : 20040720 0000063296-04-000023.hdr.sgml : 20040720 20040720112811 ACCESSION NUMBER: 0000063296-04-000023 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040720 ITEM INFORMATION: Other events FILED AS OF DATE: 20040720 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MATTHEWS INTERNATIONAL CORP CENTRAL INDEX KEY: 0000063296 STANDARD INDUSTRIAL CLASSIFICATION: NONFERROUS FOUNDRIES (CASTINGS) [3360] IRS NUMBER: 250644320 STATE OF INCORPORATION: PA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-09115 FILM NUMBER: 04921455 BUSINESS ADDRESS: STREET 1: TWO NORTHSHORE CENTER CITY: PITTSBURGH STATE: PA ZIP: 15212-5851 BUSINESS PHONE: 4124428200 MAIL ADDRESS: STREET 1: TWO NORTHSHORE CENTER CITY: PITTSBURGH STATE: PA ZIP: 15212-5851 FORMER COMPANY: FORMER CONFORMED NAME: MATTHEWS JAMES H & CO DATE OF NAME CHANGE: 19780823 8-K 1 form8k-cloverleaf.txt 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 19, 2004 MATTHEWS INTERNATIONAL CORPORATION ------------------------------------------------------ (Exact name of registrant as specified in its charter) Pennsylvania 0-9115 25-0644320 ---------------------------- ------------------ ------------ (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) Two NorthShore Center, Pittsburgh, PA 15212-5851 ---------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (412) 442-8200 -------------- 2 Item 5. Other Events On July 19, 2004, Matthews International Corporation purchased Cloverleaf Group ("Cloverleaf"), a provider of merchandising solutions. Cloverleaf was formed by the recent merger of iDL, Inc., which is a merchandising solutions company headquartered near Pittsburgh, PA, and Big Red Rooster, which is a marketing and design services organization located in Columbus, OH. The acquisition is designed to expand Matthews' products and services into the merchandising solutions market. The transaction was structured as an asset purchase, at a cost of approximately $34 million. The deal was also structured to include potential additional consideration during the next six years contingent on the future growth in value of the acquired operations. A copy of the press release announcing the acquisition is attached hereto as Exhibit 99.1. 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MATTHEWS INTERNATIONAL CORPORATION (Registrant) By Steven F. Nicola ---------------------------------- Steven F. Nicola Chief Financial Officer, Secretary and Treasurer Date: July 20, 2004 4 MATTHEWS INTERNATIONAL CORPORATION AND SUBSIDIARIES EXHIBITS INDEX ---------- The following Exhibit to this report is filed herewith. Exhibit No. Description ------- ----------- 99.1 Press release, dated July 19, 2004, issued by Matthews International Corporation. EX-99 2 exhibit99-cloverleaf.txt 1 Exhibit 99.1 July 19, 2004 Steven F. Nicola Chief Financial Officer, Secretary & Treasurer 412:442-8262 MATTHEWS INTERNATIONAL CORPORATION ACQUIRES CLOVERLEAF GROUP PITTSBURGH, PA, JULY 19, 2004 -- Matthews International Corporation (NASDAQ NMS: MATW) today announced the purchase of Cloverleaf Group ("Cloverleaf"), a provider of merchandising solutions. Cloverleaf was formed by the recent merger of iDL, Inc., which is a merchandising solutions company headquartered near Pittsburgh, PA, and Big Red Rooster, which is a marketing and design services organization located in Columbus, OH. The acquisition is designed to expand Matthews' products and services into the merchandising solutions market. David M. Kelly, President and Chief Executive Officer of Matthews, stated, "iDL has an excellent reputation for providing high quality merchandising display systems and solutions. We believe the combination of the marketing research, strategy and design capabilities of Big Red Rooster with iDL provides a unique opportunity for success in this industry. These capabilities may also lead to more opportunities for growth in our existing graphics business." Mr. Kelly further commented, "Both iDL and Big Red Rooster have dedicated employees who are highly experienced in this industry. We are excited about the opportunity to work with them." Ralph W. Murray, Chairman and CEO of iDL, said, "By becoming part of Matthews, we see the opportunity to accelerate our growth. Matthews' acquisition expertise and access to capital should help us achieve our growth potential." Martin J. Beck, President and CEO of Big Red Rooster, stated, "We are looking forward to building additional services that will support our growing list of valued clients. Our near-term expectations with this acquisition are the ability for expansion into new markets and continued growth in sales and profitability. Cloverleaf reported revenues of approximately $60 million in 2003. Cloverleaf has approximately 450 employees and has operations in the Pittsburgh area; Columbus; Portland, OR; Chicago, IL; and Dallas, TX. Cloverleaf's existing customer base includes several Fortune 500 companies. The Company intends to continue to use the brand names of both iDL and Big Red Rooster. Parker/Hunter Incorporated acted as financial advisor to Matthews and assisted in the negotiations in connection with this transaction. 2 Matthews International Corporation, headquartered in Pittsburgh, Pennsylvania, is a designer, manufacturer and marketer of memorialization products, caskets and cremation equipment for the cemetery and funeral home industries; merchandising solutions; and custom made products which are used to identify people, places, products and events. The Company's products and services include cast bronze memorials and other memorialization products; caskets; merchandising display systems; marketing and design services; cast and etched architectural products; cremators and cremation-related products; mausoleums; printing plates, pre-press services, and imaging systems for the corrugated and flexible packaging industries; and marking equipment and consumables for identifying various consumer and industrial products, components and containers. Any forward-looking statements contained in this release are included pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to be materially different from management's expectations. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove correct. Factors that could cause the Company's results to differ materially from the results discussed in such forward- looking statements principally include economic, competitive, and technological factors beyond the Company's control. -----END PRIVACY-ENHANCED MESSAGE-----