0000063296-11-000030.txt : 20110509 0000063296-11-000030.hdr.sgml : 20110509 20110509151137 ACCESSION NUMBER: 0000063296-11-000030 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110509 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110509 DATE AS OF CHANGE: 20110509 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: 11822956 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-kromaacq.htm FORM 8K - KROMA ACQUISITION form8k-kromaacq.htm
 
 

 
 



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):
May 9, 2011



MATTHEWS INTERNATIONAL CORPORATION
(Exact name of registrant as specified in its charter)


Pennsylvania
0-9115
25-0644320
(State or other jurisdiction of incorporation
(Commission File Number)
(IRS Employer 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


 
 

 

Item 7.01 Regulation FD Disclosure

Matthews International Corporation today announced that the Company has signed a definitive agreement for the purchase of a majority ownership interest in Kroma Pre-Press Preparation Systems Industry & Trade, Inc. (“Kroma”).  Kroma, which is located in Izmir, Turkey, is one of the leading providers in Turkey of pre-press services and roto-gravure printing cylinders.  The acquisition is designed to further extend Matthews' presence as the leading provider of reprographic pre-press products and services to the European packaging and tobacco markets.

The purchase price for Matthews to acquire an initial 70% ownership interest in Kroma will be approximately €9.4 million.  In addition, the agreement includes put/call provisions for the purchase of the remaining 30% ownership interest within 3 years. Other terms of the acquisition were not immediately disclosed.  The transaction is subject to government approval in Turkey.  Kroma reported sales of approximately €11 million in calendar 2010.



Item 9.01  Financial Statements and Exhibits

 
99.1
Press Release, dated May 9, 2011, issued by Matthews International Corporation.






 
 

 



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:  May 9, 2011



 
 

 

EX-99.1 2 exhibit99-1pressrlsacq.htm EXHIBIT 99.1 PRESS RELEASE KROMA ACQUISITION exhibit99-1pressrlsacq.htm
 
 
 

 



                 Exhibit 99.1
Matthews International Corporation
Corporate Office
Two NorthShore Center
Pittsburgh, PA  15212-5851
Phone: (412) 442-8200
Fax:  (412) 442-8290


Release date: May 9, 2011
Contact:     Steven F. Nicola
Chief Financial Officer, Secretary &
Treasurer
412-442-8262


MATTHEWS INTERNATIONAL CORPORATION
SIGNS DEFINITIVE AGREEMENT FOR THE PURCHASE OF A MAJORITY
INTEREST IN TURKISH ROTO-GRAVURE MANUFACTURER


PITTSBURGH, PA, May 9, 2011 -- Matthews International Corporation (NASDAQ GSM: MATW) today announced that the Company has signed a definitive agreement for the purchase of a majority ownership interest in Kroma Pre-Press Preparation Systems Industry & Trade, Inc. (“Kroma”).  Kroma, which is located in Izmir, Turkey, is one of the leading providers in Turkey of pre-press services and roto-gravure printing cylinders.  The acquisition is designed to further extend Matthews' presence as the leading provider of reprographic pre-press products and services to the European packaging and tobacco markets.

The purchase price for Matthews to acquire an initial 70% ownership interest in Kroma will be approximately €9.4 million.  In addition, the agreement includes put/call provisions for the purchase of the remaining 30% ownership interest within 3 years. Other terms of the acquisition were not immediately disclosed.  The transaction is subject to government approval in Turkey.  Kroma reported sales of approximately €11 million in calendar 2010.

Matthews International Corporation, headquartered in Pittsburgh, Pennsylvania, is a designer, manufacturer and marketer principally of memorialization products and brand solutions.  Memorialization products consist primarily of bronze and granite memorials and other memorialization products, caskets and cremation equipment for the cemetery and funeral home industries.  Brand solutions include graphics imaging products and services, marking products, and merchandising solutions.  The Company’s products and services include cast bronze and granite memorials and other memorialization products; caskets; cast and etched architectural products; cremation equipment and cremation-related products; mausoleums; brand management; printing plates and cylinders, pre-press services and imaging services for the primary packaging and corrugated industries; marking and coding equipment and consumables, and industrial automation products for identifying, tracking and conveying various consumer and industrial products, components and packaging containers; and merchandising display systems and marketing and design services.

Any forward-looking statements contained in this press 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 changes in economic conditions, competitive environment, death rate, foreign currency exchange rates, and technological factors beyond the Company’s control.