Activist investor pushes for board changes

Barington Capital Group

NEW YORK: Activist investor Barington Capital Group has built a stake in Matthews International Corp and argues the company needs to refresh its board, cut costs and consider selling its packaging business once it can be fixed up.

Barington chief executive officer James Mitarotonda said that the mini-conglomerate is undervalued after years of mismanagement and underperformance relative to its peers.