Matthews International's purchase of Schawk completed

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North Shore-based Matthews International Corp. announced it has acquired Schawk Inc., a leading brand development company based in Des Plaines, Ill., with 2013 sales of $443 million and about 3,600 employees in over 20 countries.

Under the terms of the transaction, Schawk (NYSE: SGK) stockholders will receive $11.80 cash and 0.20582 shares of Matthews common stock for each SGK share held. The new company under the Matthews umbrella creates one organization with more than 9,500 employees, 100 offices in 25 countries, and combined annual revenues of $1.4 billion.

First Published July 29, 2014 12:00 AM

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