Description of Matthews International's Business Segments
Industrial Technologies:
The Industrial Technologies segment designs, manufactures and distributes a
wide range of marking, coding and industrial automation solutions, order fulfillment
systems, and related consumables. Manufacturers, suppliers and distributors
worldwide rely on Matthews integrated systems to identify, track, control and
pick their products.
Marking systems range from mechanical marking solutions to microprocessor-based
ink-jet printing systems that integrate into a customers manufacturing, inventory
tracking and material handling control systems. The Company manufactures and
markets products and systems that employ different marking technologies, including
contact printing, indenting, etching, laser and ink-jet printing. Customers
frequently use a combination of these methods to achieve an appropriate mark.
These technologies apply product information required for identification and
traceability, as well as to facilitate inventory and quality control, regulatory
compliance and brand name communication.
Fulfillment systems complement the tracking and distribution of a customers
products with automated order fulfillment technologies, motor-driven rollers
for product conveyance, and controls for material handling systems. Material
handling customers include some of the largest automated assembly and distribution
companies in the United States. The Company also engineers innovative, custom
solutions to address specific customer requirements in a variety of industries,
including oil exploration and security scanning.
Memorialization:
The Memorialization segment manufactures and markets a full line of memorialization
products used primarily in cemeteries, funeral homes and crematories. The segments
products, which are sold principally in the United States, Europe, Canada and
Australia, include cast bronze memorials, granite memorials, caskets, cremation
equipment and other memorialization products. The segment also manufactures
and markets architectural products that are used to identify or commemorate
people, places, events and accomplishments.
Memorial products include flush bronze and granite memorials, upright granite
memorials and monuments, cremation memorialization products, granite benches,
flower vases, crypt plates and letters, cremation urns, niche units, cemetery
features and statues, along with other related products and services. Flush
memorials are bronze plaques or granite memorials which contain personal information
about a deceased individual (such as name, birth date, and death date), photos
and emblems. Flush bronze and granite memorials are even or "flush"
with the ground and therefore are preferred by many cemeteries for easier lawn
mowing and general maintenance. The segments memorial products also include
community and family mausoleums within North America. In addition, the segments
other memorial products include bronze plaques, letters, emblems, vases, lights
and photo ceramics that can be affixed to granite monuments, mausoleums, crypts
and flush memorials. Principal customers for memorial products are cemeteries
and memorial parks, which in turn sell the Companys products to the consumer.
SGK Brand Solutions:
The SGK Brand Solutions segment provides brand development, deployment and
delivery (consisting of brand management, printing plates and cylinders, pre-media
services and imaging services for consumer packaged goods and retail customers,
merchandising display systems, and marketing and design services). With the
acquisition of Schawk, Inc. ("Schawk") in fiscal 2014, the Company
significantly expanded its product offerings and capabilities related to brand
development and brand management serving the consumer packaged goods and retail
industries. The primary packaging industry consists of manufacturers of printed
packaging materials such as boxes, flexible packaging, folding cartons and bags
commonly displayed at retailers of consumer goods. The corrugated packaging
industry consists of manufacturers of printed corrugated containers. Other major
industries served include the wallpaper, flooring, automotive, and textile industries.
The principal products and services of this segment include brand development,
deployment, delivery, brand management, pre-media graphics services, printing
plates, gravure cylinders, steel bases, embossing tools, special purpose machinery,
engineering assistance, print process assistance, print production management,
digital asset management, content management, and package design. These products
and services are used by brand owners and packaging manufacturers to develop
and print packaging graphics that help identify and sell the product in the
marketplace. Other packaging graphics can include nutritional information, directions
for product use, consumer warning statements and UPC codes. The primary packaging
manufacturer produces printed packaging from paper, film, foil and other composite
materials used to display, protect and market the product. The corrugated packaging
manufacturer produces printed containers from corrugated sheets. Using the Companys
products, these sheets are printed and die cut to make finished containers.
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