News Summary

Matthews Memorialization has acquired The Dodge Company for $57 million, aiming to broaden its product offerings in the death care industry. This acquisition strengthens their market presence, focusing on providing essential embalming solutions. Under the leadership of Tim Collison, The Dodge Company continues to serve its customers seamlessly, ensuring a smooth transition. This strategic move is part of Matthews’ ongoing commitment to enhancing its memorialization services, reflecting a growing demand for quality death care products.

Warrendale, Pennsylvania – Matthews Memorialization, a division of Matthews International Corporation, has made a significant move in the death care industry by acquiring The Dodge Company for $57 million. This strategic acquisition positions Matthews to broaden its product offerings and enhance its presence in the market for funeral homes and cemeteries.

The Dodge Company, headquartered in Massachusetts, is well-known for its specialized embalming chemicals and supplies. This acquisition allows Matthews Memorialization to expand its portfolio, ultimately aiming to provide a comprehensive range of solutions for funeral service providers. With this addition, Matthews seeks to bring greater value and variety to the industry.

Steve Gackenbach, president of Matthews Memorialization Group, has expressed enthusiasm about the integration of The Dodge Company into the Matthews family. The Dodge Company is recognized as a market leader in embalming solutions, which makes this acquisition a strategic fit for Matthews’ existing product line-up. It also demonstrates Matthews’ commitment to enhancing its core business offerings within the memorialization sector.

Importantly, as part of the acquisition agreement, Tim Collison, the current CEO of The Dodge Company, will continue to lead the company under Matthews’ umbrella. This transition aims to ensure that existing customers experience seamless service and continuity. Customers will retain their current Dodge sales representatives for order placements, mitigating any disruption to services during this transition period.

The Dodge Company possesses a robust history within the funeral profession, known for strong customer relationships and leading embalming products. This reputation aligns well with Matthews’ mission to provide quality products and services to funeral homes and cemeteries. By incorporating The Dodge Company’s expertise, Matthews Memorialization enhances its ability to serve a diverse range of funeral service needs.

Matthews Memorialization already offers a variety of products, including caskets, bronze and granite memorials, and cremation equipment. The acquisition of The Dodge Company not only diversifies their offerings but also strengthens their position in an industry experiencing rising demand for quality death care products.

Matthews International Corporation operates through two main segments: Industrial Technologies and Memorialization. With over 5,400 employees across 19 countries, the company has established itself as a key player in various industrial and memorial sectors. The new addition of Dodge signifies Matthews’ ongoing dedication to growth and innovation within the memorialization industry.

This acquisition is aligned with Matthews Memorialization’s strategic focus on enhancing its core business and ensuring that it continues to meet evolving customer needs. By integrating The Dodge Company’s specialized products, Matthews aims to solidify its reputation as a comprehensive provider of memorialization solutions.