New Division includes Matthews Marking, Holjeron, IPTI and Lightning Pick
PITTSBURGH, Pa. (January 30, 2012) - Memorials and graphics manufacturer Matthews International Corporation has announced the launch of a new division, Matthews Supply Chain Automation Solutions. The new division will be comprised of two long-standing business units, Matthews Marking Products and Holjeron, along with two recently acquired companies, Innovative Picking Technologies, Inc. (IPTI) and Lightning Pick Technologies.
All four companies are all leaders in their respective industry segments. By bringing them together, Matthews Supply Chain Automation Solutions will be able to offer manufacturing and logistics professionals a range of innovative and integrated technologies that increase efficiency through the complete supply chain evolution, from manufacturing to order fulfillment. With products and services ranging from marking/coding to conveyor controls and ordering picking/sortation, Matthews Supply Chain Automation Solutions can improve productivity, intelligent control, cost efficiency and traceability within almost all production, warehousing and distribution operations.
Lightning Pick Technologies, based in Germantown, Wisconsin, produces light-directed and advanced order picking fulfillment systems. Holjeron, out of Tualatin, Oregon, creates and manufactures conveyor controls. IPTI, located in Ixonia, Wisconsin, produces paperless order fulfillment systems. Matthews Marking Products of Pittsburgh, Pennsylvania, specializes in custom and standard industrial marking and coding solutions. Combined, these four companies provide Matthews International with the industry's broadest spectrum of leading brands and integrated supply chain systems.
"The establishment of this new division formalizes Matthews International's initiative of acquiring leading-edge companies in material handling automation," notes the new division's president, Paul Jensen. "Our goal is to bring together unique, entrepreneurial and complimentary brands and then use the Matthews' infrastructure to grow their business and provide integrated solutions for manufacturing and logistics professionals."
"Our most recent acquisition, Lightning Pick Technologies, was a key element in this plan," continued Jensen. "They provide us expertise at the facility database level that will allow us to integrate the cell level devices. We were particularly attracted to their commitment to a continuous software migration path for their customers, which allows customers to regularly upgrade to new versions, thereby protecting and extending their investment. Lightning Pick Technologies also has a significant base of customers in the large retail and direct-to-consumer business who are ideal candidates for several of Matthews' technologies for case coding, pallet marking and material handling."
About Matthews International
Pittsburgh-based Matthews International Corporation is a NASDAQ-traded company (NASDAQ: MATW) with sales of $822 million. It is the country's leading memorials and graphics imaging manufacturer. It also designs, produces and markets marking products and merchandising solutions. It is comprised of three business segments, Memorialization and Brand Solutions and Supply Chain Automation.
About Lightning Pick Technologies
Lightning Pick delivers advanced order-picking technologies used in warehouses and distribution centers. Their best-in-class applications for pick-to-light, put-to-light, voice and RF picking systems optimize lean supply chain processes from manufacturing through order fulfillment.
Holjeron is focused on applying industry-standard technologies to create innovative solutions for industrial automation applications. They are well versed in applying controller area network (CAN) technology, including industrial automation protocols such as DeviceNet, Smart Distributed System (SDS) and CANopen.
Innovative Picking Technologies, Inc. (IPTI) provides turn-key paperless order fulfillment systems utilizing pick-to-light, put-to-light, automated sortation, voice recognition, bar code, and RF terminal technologies. IPTI has been a leading innovator in its market segment, pioneering concepts such as snap-in BUS extrusion, RF technology with batch-picking carts and the Watch-ME zoneless PTL technology.
About Matthews Marking Products
Matthews Marking designs, manufactures and distributes a wide range of marking and coding products and related consumables, as well as industrial automation products that are used by manufacturers and suppliers to identify and track their products and packaging. The codes and markings are functional for compliance; ID/branding; operations; traceability. Matthews Marking employs a variety of marking technologies used independently and in combination, including: ink-jet and contact printing, indenting and laser etching.