Duravant to Acquire Matthews Automation Solutions

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DOWNERS GROVE, Ill. — Duravant LLC (“Duravant”), a global leader in advanced automation solutions, announced today that it has entered into a definitive agreement with Matthews International Corporation (NASDAQ GSM: MATW) (“Matthews”) to acquire its Matthews Automation Solutions business. Matthews Automation Solutions delivers Warehouse Execution System (WES) and Warehouse Control System (WCS) software, controls, and integration services. Known for their Pyramid, Compass, Nexus, and Lightning Pick brands, they help optimize material handling and order fulfillment for omnichannel, ecommerce, and warehouse operations. The company will join Duravant’s Material Handling operating group.

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“We are pleased to welcome Matthews Automation Solutions to Duravant,” said Mike Kachmer, Chairman and CEO of Duravant. “The software and controls integration expertise the team brings to Duravant is exceptional. They have a reputation for delivering high quality service and support which aligns perfectly with Duravant’s dedication to ensuring customer success.”

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Matthews Automation Solutions operates its software development, project management, and operations hubs in Cincinnati, OH and Pewaukee, WI and represents a strategic acquisition for Duravant.

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Their expertise in advanced software and controls engineering enhances the capabilities of Duravant’s Material Handling group and product portfolio delivered through their operating companies—FMH Conveyors, NPI, QC Conveyors, and Motion06. The addition of WES/WCS technologies enables Duravant to provide comprehensive and efficient material flow and order fulfillment solutions to clients in ecommerce, retail, parcel, and logistics sectors.

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“We are excited to add Matthews Automation Solutions to Duravant’s material handling portfolio,” said Raman Joshi, Group President of Duravant Material Handling. “There is increasing demand and urgency from our customers to design warehouse systems that meet their ever-increasing productivity needs, and by bringing software and control systems in-house, we can broaden and strengthen our offerings to Integrator clients and deliver end-to-end integrated warehouse lines faster and more efficiently.”

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The transaction, which remains subject to customary regulatory approvals, is expected to close before March 31, 2026.

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About Duravant

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Duravant is a global leader in advanced automation solutions operating across the food processing, packaging, and material handling industries. Founded on more than a century of expertise, Duravant delivers performance-driven technologies, integrated systems and full lifecycle services that drive productivity, efficiency and safety for the world’s producers and movers of high demand goods. The company serves a broad range of essential end markets including food & beverage, agriculture, consumer and industrial goods, e-commerce, and logistics. Headquartered in Downers Grove, Illinois, and serving customers in more than 190 countries, Duravant unites a portfolio of leading brands under a shared commitment to quality, innovation and customer success. For more information, visit www.duravant.com.

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About Matthews International Corporation

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Matthews International Corporation operates through two core global businesses – Industrial Technologies and Memorialization. Both are focused on driving operational efficiency and long-term growth through continuous innovation and strategic expansion. The Industrial Technologies segment evolved from its original marking business, which today is a leading global innovator committed to empowering visionaries to transform industries through the application of precision technologies and intelligent processes. In addition, the Company also has a significant investment in Propelis, a brand solutions business formed through the merger of SGK and SGS & Co. Propelis delivers integrated solutions including brand creative, packaging, print solutions, branded environments, and content production. Matthews International has over 5,400 employees in 19 countries on four continents that are committed to delivering the highest quality products and services.

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