Matthews Announces Acquisition
Last week Matthews International Corporation announced the acquisition of Star Granite & Bronze of Elberton, Georgia, for $41.2 million. According to the release from Globe Newswire that you can read here, Star Granite & Bronze is a family-owned business that manufactures and distributes granite and other memorialization products to customers across the United States.
The release states that Star’s 2017 revenues were approximately $31.3 million and that the company employs approximately 200 people.
Matthews plans to integrate the company within its Matthews Cemetery Products business, part of its Memorialization Segment.
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