Showing posts with label MATW. Show all posts
Showing posts with label MATW. Show all posts

Tuesday, June 9, 2015

Matthews International to Acquire Aurora Casket Company for $214 Million


Matthews International Corporation (NASDAQ GSM: MATW) (“Matthews” or the “Company”) has announced that the Company has signed a definitive agreement to acquire Aurora Casket Company (“Aurora”) from Kohlberg & Company. Aurora is a well-known manufacturer and distributor of caskets and other products to funeral homes across the United States. For the year ending December 31, 2014, Aurora’s revenues were $142 million with adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of approximately $21 million.

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