Aurora, IN, June 9, 2015 – Aurora Casket Company (“Aurora” or the “Company”) today announced that it has signed a definitive agreement to be acquired by Matthews International Corporation (“Matthews”). Disclaimer of Warranties The funeral home makes no representations or warranties regarding the caskets listed … York® is a registered trademark of York® Casket Company. Aurora Casket Company, Inc., a funeral service provider, manufactures and markets burial, cremation, and memorial products. 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Data is currently not available. Quarterly Results Earnings per share were up 44.68% year over year to $0.68, which beat the estimate of $0.42. About Aurora. Casket Maker sees growth despite rise in cremation Nov. 3, 2016 at 9:00 a.m. It calls a small Indiana town, Aurora, its home. The business has been in the family since it was founded by John Backman in 1890. Aurora could automate these processes to save money, but it would be at the expense of our products and our customers. Matthews and Aurora were both strong independently but together we possess tremendous capabilities to better serve our customers. We expect the integration to generate substantial synergies by eliminating redundant costs without impacting customer service. It produces more than 150,000 caskets a year, which are priced from $400 to $5,000. Matthews plans to integrate Aurora within its existing Memorialization Segment, which is a leading total solutions provider to the funeral and cemetery industries. Aurora Casket Company is one of the larger manufacturers of caskets and urns. Get the latest business insights from Dun & Bradstreet. Find company research, competitor information, contact details & financial data for Aurora Casket Company, LLC of Aurora, IN. As of 2005, it sold over 38% of the caskets used in the United States.The company traces its roots back to 1890, when John Backman began making wooden caskets by hand. They manufacture caskets and provide funeral arrangements, and are headquartered in Aurora, Indiana. Known for its stainless-steel line, Aurora Caskets makes caskets in a variety of woods and metals. Our company missions are similar, our geographic footprints are complementary, and we know that the new Matthews Aurora Funeral Solutions will continue Aurora’s tradition of helping to celebrate every life and creating healing moments for families.”. Compare how recession-proof Aurora Casket is relative to the industry overall. Aurora Casket Company won't meet you at the Pearly Gates, but it will get you there in style. TransPorter® – 29″ Oversize. (MATW) Nasdaq Listed. The consolidated company – which operates worldwide in three divisions which includes a division labeled “Memorialization” and includes Matthews Cremation Products and Aurora Casket among others – recorded an increase in sales of over $20 million system-wide for their fiscal year’s 1st Quarter. AURORA CASKET COMPANY, INC. is a business entity registered at Colorado Secretary of State. ACC – Aurora Casket Company AST – Astral Casket Company BCC – Batesville Casket Company TCC – Thacker Casket Co mpany TGL – Triangle Casket Co mpany WLW – Watts Line of Woods WRC – Warfield -Rohr Casket Company - Denotes that casket is located in selection room. Company profile page for Aurora Casket Co LLC including stock price, company news, press releases, executives, board members, and contact information As Aurora puts quality as one of its most important goals, see the following quote of Aurora's: "In an age of high-tech manufacturing automation, many people don't realize that much of Aurora caskets are still partially done by hand. Aurora is a well-respected manufacturer and distributor of caskets and other products to funeral homes across the United States. It also provides stationery products, including register books, prayer cards, and acknowledgement cards. 10944 Marsh Road FREE Breaking News Alerts from StreetInsider.com! Aurora Casket Company, Inc. is the largest privately owned casket company in the United States. Each component of an Aurora casket … A family business established in 1890, Aurora Casket Company is the largest privately owned casket manufacturer in the country. The transaction is expected to close in the quarter ending September 30, 2015, subject to the receipt of regulatory approvals. Casket Site.com is licensed, owned, and operated by Mountain High Funeral Home, an authorized Aurora, York, and Respectful Dealer. Under the terms of the transaction, Matthews purchased Aurora’s stock for $214 million, subject to a working capital adjustment. Nasdaq 100. Read employee reviews and ratings on Glassdoor to decide if Aurora Casket is right for you. Aurora Casket Company LLC designs and manufactures burial and cremation products. One of the nation's largest casket and cremation urn makers, it sells its products directly to licensed funeral homes via nearly 70 US service centers. The business has been in the family since it was founded by John Backman in 1890. Reviews from Aurora Casket Company employees about Aurora Casket Company culture, salaries, benefits, work-life balance, management, job security, and more. Matthews (NASDAQ: MATW) announced that the Company has signed a definitive agreement to acquire Aurora Casket Company (“Aurora”) from Kohlberg & Company. Log In or request an account to see price! The address is 10944 MARSH RD, Aurora, IN 47001, US The company … Aurora also makes urns and other cremation-related products. This is useful in estimating the financial strength and credit risk of the company. The Batesville segment produces and trades burial and cremation caskets, urns, room display fixtures, and provides web-based applications. Our metal caskets showcase exceptional finishes, high-quality interiors and strong, corrosion-resistant metals. The joining of these two industry players will offer their customers a compelling opportunity, bringing together their best products, marketing programs, and services. Additional consideration of $10 million is payable contingent upon the achievement of a specified increased level of adjusted EBITDA for the last full twelve (12) months prior to the closing. +0.39 (+0.96%) DATA AS OF Apr 09, 2021. Joseph C. Bartolacci, President and Chief Executive Officer of Matthews, stated, “The Aurora acquisition advances Matthews strategic vision for growth, and we expect it to create significant shareholder value. Glassdoor has 26 Aurora Casket reviews submitted anonymously by Aurora Casket employees. The company has over 1500 employees, and is based in Aurora, Indiana. The company offers caskets, cremation caskets, urns, keepsakes, cremation jewelry, and bronze cemetery markers. Aurora caskets are brand name funeral caskets made in the United States. Under the terms of the transaction, Matthews will purchase Aurora’s stock for $214 million in cash on a debt-free basis subject to a working capital adjustment. Aurora Casket is the largest privately-owned funeral service supplier in America. Under the terms of the transaction, Matthews purchased Aurora's stock for $214 million, subject to a working capital adjustment. Aurora also makes urns and other cremation-related products. Aurora Casket Company won't meet you at the Pearly Gates, but it will get you there in style. Aurora also offers planning and display services to funeral homes. The company has over 1500 employees, and is based in Aurora, Indiana. We greatly respect the Aurora organization and its heritage, and look forward to uniting our two companies. The business entity ID is 19871050640. It produces more than 150,000 caskets a year, which are priced from $400 to $5,000. At the time, he employed 20 people. Matthews Aurora™ Funeral Solutions offers the highest-quality, contemporary and traditional style caskets. Aurora is a well-respected manufacturer and distributor of caskets and other products to funeral homes across the United States. Type: Company - Private. Revenue: $50 to $100 million (USD) Competitors: UNKNOWN. Industry: Consumer Products Manufacturing. Under the terms of the transaction, Matthews will purchase Aurora’s stock for $214 million in cash on a debt-free basis subject to a working capital adjustment. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. OVERSIZE DIMENSIONS – 29.75” wide x 77.75″ long inside dimensions – 31.75″ x 79.75″ Outside Dimensions. Aurora products are available in the U.S. and Canada. This will allow us to build even greater capabilities and continue to be competitive in an ever-changing marketplace with a growing number of competitive alternatives.”, Steven D. Gackenbach, Group President for Matthews Memorialization, stated, “Matthews and Aurora share a legacy of deep commitment to serving the funeral industry, and the new Matthews Aurora will be committed to maintaining the exceptional product quality, sales support, customer service and delivery for which both companies are known. PITTSBURGH, PA – Matthews International Corporation (NASDAQ GSM: MATW) (“Matthews” or the “Company”) today announced that the Company has signed a definitive agreement to acquire Aurora Casket Company (“Aurora”) from Kohlberg & Company. The Matthews Funeral Home Products operations will be combined with Aurora to form Matthews Aurora Funeral Solutions. Corrugated fiberboard construction with wood grain printed paper … Additional consideration of $10 million is payable contingent upon the achievement of a specified increased level of adjusted EBITDA for the last full twelve (12) months prior to the closing. United States. In addition, the company offers hometown … Aurora Casket Company is one of the larger manufacturers of caskets and urns. Matthews and Aurora share established traditions of providing funeral homes with the highest quality products and outstanding service. Our metal and natural hardwood caskets can be personalized to uniquely honor every individual’s life story. Aurora will be combined with Matthews Funeral Home Products to form Matthews Aurora Funeral Solutions, which will be a cornerstone business of the Memorialization Segment of Matthews. Matthews International Corporation Class A Common Stock. Company profile page for Aurora Casket Co Inc including stock price, company news, press releases, executives, board members, and contact information Its cremation items extend beyond urns to include memorial markers, … Respectful® is a registered trademark of the Respectful® Casket Company. Aurora Casket Company, Inc. is the largest privately owned casket company in the United States. Aurora, IN 47001 PITTSBURGH, PA, August 20, 2015 – Matthews International Corporation (NASDAQ GSM: MATW) (“Matthews” or the “Company”) completed its transaction to acquire Aurora Casket Company (“Aurora”) from Kohlberg & Company on Wednesday, August 19, 2015. ET by James R. Hagerty Matthews International stock price target raised to $75 from $65 at Wunderlich Securities Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! Aurora Casket Company was founded in 1890. The company traces its roots back to 1890, when John Backman began making wooden caskets by hand. Determine whether Aurora Casket grew or shrank during the last recession. $41.19. Suhor Industries Inc. manufactures precast concrete products that include caskets, burial vaults, monuments, lawn crypts, columbarium … Founded in 1890, the company operates five manufacturing facilities in the U.S. and Canada, and provides a full range of burial, cremation, memorial and technology products to funeral home clients that help to celebrate every life and create healing moments for families. In the year ended December 31, 2014, Aurora’s revenues were $142 million with adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of approximately $21 million. The combination is ultimately expected to achieve $15 to $20 million … In the year ended December 31, 2014, Aurora… They also manufacture cremation rental and ceremonial caskets as well as an oversize ceremonial casket line. Customers will continue to receive an extensive casket selection, exemplary delivery service, industry-leading marketing programs and continuity of experienced sales support. This segment now accounts for over 50% of the Company’s revenue. Add to Watchlist. Matthews Aurora™ metal caskets include a wide range of styles, colors and prices, to accommodate the needs and preferences of all the families we serve. On August 20, Matthews International Corporation completed its acquisition of Aurora Casket Company from Paul, Weiss client Kohlberg & Company. The Company produces a wide range of products including metal caskets, hardwood caskets, personalized caskets, bronze memorials, cremation caskets, and cremation urns. Batesville® is a Registered Trademark of Batesville Casket Company. Under the terms of the transaction, Matthews will purchase Aurora’s stock for $214 million in cash on a debt-free basis subject to a working capital adjustment. 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