Matthews Intl. Completes Purchase Of Wetzel Group

Memorialization products maker Matthews International Corp. said Monday that it has completed its purchase of Wetzel Holding AG, Wetzel GmbH and certain related affiliates. The deal was originally announced in September.

Headquartered in Muenchenstein/BL, Switzerland and principal manufacturing operations in Germany and Poland, Wetzel is a European provider of pre-press services and gravure printing forms. Sales for Wetzel were estimated to be about EURO40 million (U.S$52 million) for fiscal 2012 and the company has about 400 employees.

Wetzel will operate as a subsidiary within Matthews' Graphics Imaging Group. 

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