Matthews International Announces Acquisition of the Dodge Company
Matthews International Corporation (NASDAQ: MATW) has acquired The Dodge Company for $57 million. Dodge is a leading North American supplier of embalming chemicals and related funeral home products. The acquisition strengthens Matthews Memorialization's position as a comprehensive supplier to funeral homes and cemeteries, complementing their existing portfolio of caskets, bronze and granite memorials, and cremation equipment.
Tim Collison will continue as Dodge's CEO under Matthews' ownership. The 132-year-old family business will maintain its current operations, with no changes to customer purchasing processes, sales representatives, or product offerings. The acquisition aligns with Matthews' strategy to provide a full range of death care industry solutions while preserving Dodge's established customer relationships and service standards.
Matthews International Corporation (NASDAQ: MATW) ha acquisito The Dodge Company per 57 milioni di dollari. Dodge è un importante fornitore nordamericano di prodotti chimici per l'imbalsamazione e articoli correlati per le imprese funebri. L'acquisizione rafforza la posizione di Matthews Memorialization come fornitore completo per case funerarie e cimiteri, integrando il loro portafoglio esistente di cofani, memoriali in bronzo e granito e attrezzature per cremazione.
Tim Collison continuerà a ricoprire il ruolo di CEO di Dodge sotto la proprietà di Matthews. L'azienda familiare, attiva da 132 anni, manterrà le operazioni attuali, senza modifiche ai processi di acquisto dei clienti, ai rappresentanti di vendita o all'offerta di prodotti. L'acquisizione è in linea con la strategia di Matthews di offrire una gamma completa di soluzioni per il settore dei servizi funebri, preservando al contempo le relazioni consolidate con i clienti e gli standard di servizio di Dodge.
Matthews International Corporation (NASDAQ: MATW) ha adquirido The Dodge Company por 57 millones de dólares. Dodge es un proveedor líder en América del Norte de productos químicos para embalsamamiento y otros artículos relacionados para funerarias. La adquisición fortalece la posición de Matthews Memorialization como proveedor integral para funerarias y cementerios, complementando su cartera existente de ataúdes, memoriales de bronce y granito, y equipos para cremación.
Tim Collison continuará como CEO de Dodge bajo la propiedad de Matthews. La empresa familiar, con 132 años de historia, mantendrá sus operaciones actuales sin cambios en los procesos de compra de los clientes, representantes de ventas ni en la oferta de productos. La adquisición se alinea con la estrategia de Matthews de proporcionar una gama completa de soluciones para la industria del cuidado de la muerte, preservando las relaciones establecidas con los clientes y los estándares de servicio de Dodge.
매튜스 인터내셔널 코퍼레이션(NASDAQ: MATW)은 더 도지 컴퍼니를 5,700만 달러에 인수했습니다. 도지는 북미에서 방부 화학제품 및 관련 장례용품을 공급하는 선도 기업입니다. 이번 인수로 매튜스 메모리얼라이제이션은 관, 청동 및 화강암 기념물, 화장 장비 등 기존 제품군을 보완하며 장례식장과 공동묘지에 종합적인 공급업체로서의 입지를 강화하게 되었습니다.
팀 콜리슨은 매튜스 소유 하에 도지의 CEO직을 계속 유지할 예정입니다. 132년 역사의 가족기업인 도지는 현재 운영 방식을 유지하며 고객 구매 절차, 영업 담당자, 제품 제공에 변동이 없습니다. 이번 인수는 매튜스가 장례 산업 전반에 걸친 솔루션을 제공하는 전략과 일치하며, 도지의 확립된 고객 관계와 서비스 기준을 유지하는 데 중점을 둡니다.
Matthews International Corporation (NASDAQ : MATW) a acquis The Dodge Company pour 57 millions de dollars. Dodge est un fournisseur nord-américain de premier plan de produits chimiques pour l'embaumement et d'articles liés aux maisons funéraires. Cette acquisition renforce la position de Matthews Memorialization en tant que fournisseur complet pour les maisons funéraires et les cimetières, en complétant leur portefeuille existant de cercueils, de monuments en bronze et en granit, ainsi que d'équipements de crémation.
Tim Collison continuera d'occuper le poste de PDG de Dodge sous la propriété de Matthews. Cette entreprise familiale de 132 ans maintiendra ses opérations actuelles, sans modification des processus d'achat des clients, des représentants commerciaux ou de l'offre de produits. Cette acquisition s'inscrit dans la stratégie de Matthews visant à offrir une gamme complète de solutions pour l'industrie des soins funéraires tout en préservant les relations clients établies et les standards de service de Dodge.
Matthews International Corporation (NASDAQ: MATW) hat The Dodge Company für
Tim Collison wird unter der Eigentümerschaft von Matthews weiterhin als CEO von Dodge tätig sein. Das 132 Jahre alte Familienunternehmen wird seine aktuellen Geschäftsabläufe beibehalten, ohne Änderungen bei den Kundenkaufprozessen, Vertriebsmitarbeitern oder Produktangeboten. Die Übernahme entspricht der Strategie von Matthews, eine vollständige Palette von Lösungen für die Bestattungsbranche anzubieten und dabei die etablierten Kundenbeziehungen und Servicestandards von Dodge zu bewahren.
- Strategic acquisition expanding Matthews' product portfolio in the death care industry
- Retention of Dodge's CEO and existing team ensures business continuity
- Cash acquisition of $57 million adds market-leading embalming solutions to Matthews' offerings
- Complementary product integration strengthens Matthews' position as a comprehensive supplier
- Cash outlay of $57 million impacts company's available funds
- Integration risks associated with merging a 132-year-old family business
Insights
Matthews International's $57M acquisition of Dodge Company strengthens its funeral industry position through vertical integration and product diversification.
Matthews International's
The deal valuation lacks disclosed metrics like revenue multiples or EBITDA, making it difficult to assess pricing relative to industry standards. However, the strategic rationale is compelling - Matthews gains market leadership in a complementary product category with stable demand characteristics inherent to the funeral services sector.
Importantly, Matthews has structured this as a continuity-focused integration, keeping Dodge's CEO and maintaining separate sales channels. This approach preserves Dodge's 132-year customer relationships and brand equity while potentially creating cross-selling opportunities across Matthews' broader customer base.
This acquisition aligns with Matthews' stated strategy of providing comprehensive solutions to death care industry customers. By expanding into embalming products, Matthews diversifies its revenue streams within a recession-resistant industry while gaining operational synergies through shared distribution channels. The emphasis on business continuity suggests Matthews recognizes the value in Dodge's established market position and customer loyalty rather than seeking immediate operational consolidation.
PITTSBURGH, May 12, 2025 (GLOBE NEWSWIRE) -- Matthews Memorialization, a division of Matthews International Corporation (NASDAQ GSM: MATW) (“Matthews”), today announced it has acquired The Dodge Company (“Dodge”) for
“We are excited to welcome Dodge and its employees to the Matthews Memorialization family,” said Steve Gackenbach, Matthews Memorialization Group President. “As a leading supplier to Funeral Homes and Cemeteries, our strategy is to offer customers a full range of products and solutions. Dodge is a market leader and most recognized provider of embalming solutions and is an ideal addition to our suite of offerings. Our goal is to provide seamless service and continuity for Dodge customers, ensuring they continue to receive the same great products from the same Dodge team. Dodge has a long history of strong customer relationships and providing leading embalming offerings to the Funeral Profession. We intend to continue that tradition.”
“The thought of selling our 132-year-old family business was very difficult, but the decision to join Matthews was the easy part; it felt right,” said Debbie and Kristie Dodge. “We’re confident they’ll continue our tradition of providing customers with outstanding service and products and know from friends who are part of Matthews that they value and respect employees – something very important to generations of Dodges.”
For Dodge customers, it is business as usual; essentially nothing will change for customers as a result of the acquisition. Dodge customers will continue to partner with their Dodge sales and customer service representatives to order the same products they do today. Purchasing processes will remain the same. Tim Collison, Dodge CEO, has made a long-term commitment to continue to lead Dodge as part of Matthews.
Dodge sales representatives will proactively contact customers with information about the acquisition and to answer any questions. In the meantime, customers with questions may contact their Dodge sales representative.
About Matthews International
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 our 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. The Memorialization segment is a leading provider of memorialization products, including memorials, caskets and cremation and incineration equipment, primarily to cemetery and funeral home customers that help families move from grief to remembrance. The Company has over 5,400 employees in 19 countries on four continents that are committed to delivering the highest quality products and services.
About The Dodge Company
The Dodge Company is the largest supplier of embalming chemicals and cosmetics in North America and provides a vast array of other products for Funeral Service Providers. Since 1893 when A. Johnson Dodge founded The Dodge Company, its goal has been to help embalmers and Funeral Directors do the best work they are capable of doing. Visit Dodge online at shop.dodgeco.com.
Forward Looking Statements
Any forward-looking statements contained in this release are included pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, beliefs, intentions or strategies of the Company regarding the future, including statements regarding the anticipated timing and benefits of the proposed joint venture transaction, and may be identified by the use of words such as “expects,” “believes,” “intends,” “projects,” “anticipates,” “estimates,” “plans,” “seeks,” “forecasts,” “predicts,” “objective,” “targets,” “potential,” “outlook,” “may,” “will,” “could” or the negative of these terms, other comparable terminology and variations thereof. Such forward-looking statements involve known and unknown risks and uncertainties that may cause the Company’s actual results in future periods to be materially different from management’s expectations, and no assurance can be given that such expectations will prove correct. Factors that could cause the Company’s results to differ materially from the results discussed in such forward-looking statements principally include our ability to achieve the anticipated benefits of the joint venture transaction that recently closed, changes in domestic or international economic conditions, changes in foreign currency exchange rates, changes in interest rates, changes in the cost of materials used in the manufacture of the Company’s products, including changes in costs due to adjustments to tariffs, any impairment of goodwill or intangible assets, environmental liability and limitations on the Company’s operations due to environmental laws and regulations, disruptions to certain services, such as telecommunications, network server maintenance, cloud computing or transaction processing services, provided to the Company by third-parties, changes in mortality and cremation rates, changes in product demand or pricing as a result of consolidation in the industries in which the Company operates, or other factors such as supply chain disruptions, labor shortages or labor cost increases, changes in product demand or pricing as a result of domestic or international competitive pressures, ability to achieve cost-reduction objectives, unknown risks in connection with the Company’s acquisitions, divestitures, and business combinations, cybersecurity concerns and costs arising with management of cybersecurity threats, effectiveness of the Company’s internal controls, compliance with domestic and foreign laws and regulations, technological factors beyond the Company’s control, impact of pandemics or similar outbreaks, or other disruptions to our industries, customers, or supply chains, the impact of global conflicts, such as the current war between Russia and Ukraine, the Company’s plans and expectations with respect to its exploration, and contemplated execution, of various strategies with respect to its portfolio of businesses, the Company’s plans and expectations with respect to its Board, and other factors described in the Company’s Annual Report on Form 10-K and other periodic filings with the U.S. Securities and Exchange Commission.
| Matthews International Corporation | ||
| Corporate Office | ||
| Two NorthShore Center | ||
| Pittsburgh, PA 15212-5851 | ||
| Phone: (412) 442-8200 | ||
| Contact: | Steven F. Nicola | |
| Chief Financial Officer |
FAQ
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