Matthews International acquires Frost Converting Systems

Matthews International Corporation announced the signing of the final purchase agreement for the acquisition of Frost Converting Systems, Inc (FROST or FCS).

Headquartered in Burlington, North Carolina, FROST is one of the world’s leading full-service suppliers in the design and manufacture of high-performance technical rotary tools for embossing, stamping and cutting cardboard and other web-like materials. With long-term profitable synergies such as industry expertise, corporate culture and complementary capabilities, the acquisition is a success for both companies and their customers, partners and employees. FROST is integrated into the SAUERESSIG UNGRICHT business unit, which is part of the SGK Brand Solutions segment, which brings its customers to the development, activation and implementation of new products and brands.

With Matthews, we have the right partner for the future, says Robert Frost, Managing Director of FROST Converting Systems. The businesses of SAUERESSIG and Matthews are well known to us and we value their technologies and people very much. We are pleased to be able to further expand our own strengths with their support and to jointly actively tackle the international Surfaces market.

In addition, FROST is integrating two new product lines of high-performance punching and cutting tools that greatly complement Matthews’ current portfolio of gravure and embossing cylinders as well as calenders and winders.

The acquisition marks the first venture in the North American market for SAUERESSIG UNGRICHT. In the future, the focus will be on successfully establishing and consolidating the brand, especially in the steadily growing markets of the tobacco, flooring and automotive industries as well as in the area of ​​renewable energies. The company will be supported by the existing packaging and tobacco business of SAUERESSIG GmbH in Milwaukee, Wisconsin.

So far, SAUERESSIG UNGRICHT’s activities have been limited to Europe, said Greg Babe, Chief Technology Officer, Matthews International. The acquisition of FROST Converting Systems opens up a variety of new opportunities in the North American market, and we are able to better serve our customers worldwide with new products and bundled know-how.