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Sold a provider of warehouse technology solutions to a strategic buyer.

 

Cleary Gull Inc. advises Lightning Pick Technologies in its sale to Matthews International Corporation

Milwaukee, Wisconsin, August 8, 2011 – Cleary Gull Inc. (“Cleary Gull”) is pleased to announce the sale of Lightning Pick Technologies to Matthews International Corporation (NASDAQ NMS: MATW). Cleary Gull acted as exclusive financial advisor to Lightning Pick Technologies.

Lightning Pick Technologies (www.lightningpick.com), located in Germantown, Wisconsin, is a leading provider of light-directed and advanced technology-based order fulfillment systems. For over thirty years Lightning Pick has been a best-in-class provider of Pick to Light, Put to Light, Pack to Light, RF and Voice-Directed Picking systems, including other complementary solutions that optimize lean supply chain processes from manufacturing through order fulfillment.

Matthews International Corporation (www.matw.com), headquartered in Pittsburgh, Pennsylvania, is a designer, manufacturer and marketer of memorialization products and brand solutions, which includes graphics imaging products and services, marking products and merchandising solutions.


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