- Matthews International’s $592 million purchase of publicly-traded agency and marketing services company Schawk at a valuation of 1.3x revenue and 11.1x EBITDA
Matthews International Corp. MATW -0.20% on Monday said it agreed to acquire brand-development company Schawk Inc. SGK -0.15% for $523.6 million in cash and stock.
http://online.wsj.com/news/articles/SB10001424052702303563304579445062301999616
Matthews had $985.3 million in sales in its last fiscal year, the most in its history. The company has two major divisions, memoralization and cemetery/funeral home products (52.5 percent of revenue) and brand solutions (47.5 percent). SGK had revenue of $442.6 million in the year ended Dec. 31, 2013. Combined, it totals about $910 million for brand solutions in the merged company, larger than the memorialization division.
