Matthews (MATW) International announced that it has entered into a letter of intent, LOI, for the sale of the remaining operating businesses within the SGK Brand Solutions, SGK, reporting segment, which primarily consists of its European roto-gravure packaging and surfaces businesses. Under the terms of the LOI, Matthews will receive $50 million of total consideration, predominantly in cash which will be applied directly to repayment of debt. As previously announced on January 8, 2025, Matthews entered into a definitive agreement under which it will receive $350 million of total upfront consideration in connection with the sale of its interest in SGK.
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