Matthews International – Completes purchase of Ungricht GmbH
USA • In early January the Matthews International Company, headquartered in Pittsburg, PA announced that it had completed the purchase of the German company A+E Ungricht.
A longtime European provider of pre-press services and gravure printing forms located in Moenchengladbach, Germany, Ungricht’s products and services had a global reach. In calendar year 2015, the company reported sales of €25.1 million (U.S. $26.4 million) and had approximately 210 employees.
Going forward, Ungricht will operate as a subsidiary within the Matthews’ SGK Brand Solutions segment. SGK itself is a global brand development and deployment provider focused on improving bottom-line efficiency for brand owners and commercial printers. It has recently absorbed several other German printing components.
SGK’s Schawk and Saueressig graphics subdivisions provide comprehensive graphics and innovative print services across media/marketing channels that help improve bottom-line efficiency and protect brands. This includes workflow audits and continuous improvement services, print and color management, flexo platemaking, rotogravure cylinder engraving to market-leading technical innovations such as 3D micro-embossing. Together, these brands have more than 200 years experience leading the industry with insight, innovations and standard-setting quality.
Matthews had initially announced on November 21, 2016, the signing of the definitive agreement for the purchase of Ungricht which was subject to regulatory approval in Germany. Today Matthews International Corporation has over 10,000 employees in more than 25 countries on six continents.