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Matthews announced that it has entered into an agreement with Barington Capital, Barington Companies Equity Partners, L.P., and Barington Companies Management, pursuant to which Barington Companies Management will serve as a consultant to Matthews. Under the agreement, Barington has also agreed to vote all of its shares in favor of Matthews' nominees at the 2023 Annual Shareholders' Meeting.

Bartolacci further stated: "As we look forward into fiscal 2023, we are currently projecting another year of consolidated sales growth. Order rates for our Industrial Technologies segment, particularly energy storage solutions, support our confidence in the continued growth of this segment next fiscal year. We also expect the recent acquisitions of Olbrich GmbH and R+S Automotive GmbH to significantly contribute to the segment's fiscal 2023 sales. Based on these expectations and considering the increasing interest across our entire energy storage solutions portfolio, it's possible annual sales for the Industrial Technologies segment could approach $500 million in fiscal 2023. For our Memorialization segment, we expect death rates to continue to normalize into fiscal 2023. We also expect the comparability challenges on unit volumes (primarily through the first three quarters of fiscal 2023) to be partially mitigated by recent pricing actions as well as growth in our cremation-related sales. Further, despite the ongoing challenges in our European markets, we are currently projecting improved performance for our SGK Brand Solutions segment resulting from their recent cost reduction initiatives. However, we expect currency rates to continue to impact year-over-year comparability. Accordingly, based on these considerations, we currently project consolidated adjusted EBITDA to be in the range of $215 million to $235 million for fiscal 2023. We remain cautious in our outlook as our results will be influenced by the timing of projects and current economic conditions, particularly in Europe and its impact on currency rates."