Matthews International Corporation (NasdaqGS:MATW) acquired Eagle Granite Company, Inc. for $18.384 million on February 17, 2023.

Matthews International Corporation (NasdaqGS:MATW) completed the acquisition of Eagle Granite Company, Inc. on February 17, 2023. The total purchase price of $18.384 million, consisting of cash of $8.65 million (net of cash acquired) and a deferred purchase price amount of $9.734 million, which is scheduled to be paid to the seller two years from the acquisition date.