form8k-purchasesaueressig.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):
February
25, 2008
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
1.01 Entry into a Material Definitive Agreement
On
February 25, 2008, Matthews International Corporation (“Matthews”) signed a
definitive agreement for the purchase of a 78% ownership interest in Saueressig
GmbH & Co. KG (“Saueressig”). Saueressig, headquartered in
Vreden, Germany is a leading European provider of pre-press services and gravure
printing forms. Saueressig has manufacturing operations in Germany,
Poland, England and Jordan, and sells its products and services principally
within Europe. The acquisition is designed to expand Matthews’
products and services in the global graphics imaging market.
The
purchase price for Matthews to acquire the 78% ownership interest will be
approximately €76 million (U.S.$110 million) on a cash-free, debt-free
basis. Kilian Saueressig, President of Saueressig, will maintain a
22% interest in Saueressig following the transaction. Saueressig
reported revenues of approximately €90 million (U.S.$130 million) in calendar
2007 and has approximately 900 employees.
The
transaction, which is subject to regulatory approval in Germany, is expected to
close during Matthews’ 2008 third fiscal quarter.
A copy of
the press release announcing the acquisition is attached hereto as Exhibit
99.1.
Item
9.01 Financial Statements and Exhibits
|
|
99.1
|
Press
Release, dated February 25, 2008, 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
February
26, 2008