Connect with us

News & Trends

Matthews to Purchase Wetzel

Published

on

Pittsburgh, PA-based Matthews Int’l Corp. announced that the company has signed a definitive agreement for the purchase of Wetzel Holding AG, Wetzel GmbH, and certain related affiliates. Wetzel is headquartered in Muenchenstein/BL, Switzerland and has its principal manufacturing operations in Germany and Poland. Its products and services are sold primarily within Europe. The acquisition is designed to expand Matthews’ products and services in the global graphics-imaging market.

Pittsburgh, PA-based Matthews Int’l Corp. announced that the company has signed a definitive agreement for the purchase of Wetzel Holding AG, Wetzel GmbH, and certain related affiliates. Wetzel is headquartered in Muenchenstein/BL, Switzerland and has its principal manufacturing operations in Germany and Poland. Its products and services are sold primarily within Europe. The acquisition is designed to expand Matthews’ products and services in the global graphics-imaging market.

The purchase price for Wetzel will be €42.5 million ($55 million) on a cash-free, debt-free basis, plus potential additional consideration based on operating results. Other terms of the acquisition were not immediately disclosed. The transaction, which is subject to regulatory approval in Germany, is expected to close during Matthews’ first fiscal quarter in 2013.
 

SPONSORED VIDEO

Watch Jay Busselle, Adrienne Palmer, and Jeremy Picker dive deep into DTG printing data, popular styles, and opportunities.

Apparel Decoration Trends for 2021 Part Two

Jay Busselle, marketing director, Equipment Zone, interviews two experts in apparel decoration trends: Adrienne Palmer, editor-in-chief of Screen Printing magazine, and Jeremy Picker, creative director and CEO of AMB3R Creative and Screen Printing Editorial Advisory Board member. Both share their insights on decoration trends, apparel styles, and some powerful data for DTG printing. Plus, Picker gives an exclusive look at his 2021 trend report. This is a follow-up webinar to Equipment Zone’s DTG Training Academy virtual event.

Promoted Headlines

Most Popular