Matthews International (Matthews International / Saueressig Energy), founded in 1850, is a Nasdaq-listed U.S. company that supplies multi-roll calender technology for dry battery electrodes (DBE) through its Matthews Engineering division, formerly Germany’s Saueressig energy business.
1. Company Overview
- Company Name: Matthews International Corporation, Nasdaq ticker MATW
- Founded: 1850, by John Dixon Matthews as an engraving shop in Pittsburgh
- Headquarters: Pittsburgh, Pennsylvania, USA
- Business Unit: Matthews Engineering (formerly the Saueressig Energy division) — equipment for battery electrode and fuel cell component manufacturing
2. History and Workforce
The company began in 1850 as a small engraving shop in Pittsburgh and has continued for 175 years (as of 2025). It acquired the energy division of Saueressig, based in Vreden, Germany, gaining battery electrode calendering and roll-servicing technology, and in 2022 opened a calender roll servicing facility in San Antonio, Texas, expanding its North American energy business.
The company has sites at its Pittsburgh headquarters, Vreden, Germany (R&D), San Antonio, Texas (servicing/technology center), and Burlington, North Carolina (linked to its cutting and embossing business). In 2025, J. Michael Nauman was appointed Chairman of the Board.
3. Core Technology and Key Equipment
Its core technology is a patented Multi-Roll Calender system for dry battery electrode (DBE) production, which integrates calendering and double-sided lamination into a single process. Through a partnership with Germany’s B. Heynck GmbH, the company has also secured individual hydraulic control technology for calender rolls.
- Multi-Roll Calender — a patented system for dry battery electrodes
- Calender roll servicing and refurbishment services (San Antonio facility)
- Trajectory Mixing technology, developed in partnership with hs-tumbler
- MEODEO™ — a full-scale (1:1) demonstration line for dry electrode, all-solid-state, and ultracapacitor applications
4. Production Infrastructure and Quality Assurance
The company operates a servicing facility in San Antonio, Texas, a facility in Burlington, North Carolina, and an R&D site in Vreden, Germany. Detailed individual factory capacity figures are (undisclosed).
5. Delivery Track Record and Partnerships
Publicly disclosed cases include the supply of two calender lines (for cathode and anode) to European Batteries OY, Europe’s first large-scale lithium-ion battery mass producer, and the supply of four calender lines to Germany’s Evonik Litarion GmbH.
6. Financial Status and Roadmap
As a Nasdaq-listed company (MATW), its financial statements are publicly available. Individual revenue and profit figures for the battery business unit alone are not arbitrarily presented in this profile. The company disclosed a quarterly dividend of $0.255 per share alongside its fiscal 2026 second-quarter results.
Through its MEODEO™ demonstration line, the company is expanding support for dry electrode, all-solid-state, and ultracapacitor development and mass production, while reinforcing its lead in dry electrode calendering technology through technical partnerships with B. Heynck and hs-tumbler, among others.
This profile was compiled based on publicly available sources including the company newsroom (matw.com, matthews-engineering.com), GlobeNewswire, and LinkedIn. Unverified figures and undisclosed information have not been arbitrarily included.