Panther Systems acquires Matrix Trim

Vancouver, Washington – Panther is pleased to announce the acquisition of Matrix Incorporated completed April 1, 2026. Panther Systems adds significant capabilities to the company’s stable of products focused on the success of paper manufacturers and converters by adding the time-tested performance of Matrix Trim and other software technologies. These products include trim optimization, block scheduling and load planning software applications engineered to optimize machine time, reduce waste, increase productivity and ease workload. Acquisition of Matrix by Panther ensures existing Matrix customers will continue to receive exceptional support and benefit from continued innovation for decades to come.

“This marks an important step forward for Panther. Matrix brings strong capabilities, proven functionality, longstanding customer relationships, and a highly respected name in the market. Founded in 1970 by George Stillwagon, Matrix has deep roots in developing mathematical models to optimize scheduling challenges in the paper industry.” —Larry Foltz, CEO of Panther Systems

Matrix solutions drive planning, production and shipping activities at paper mills, converters and warehouses for many notable paper manufacturers and converters. Panther already integrates Matrix solutions with Panther manufacturing execution systems (MES) for many of its customers.

Matrix will continue to operate independently of Panther Systems to ensure current Matrix customers continue to receive the support and service they have come to expect.

About Panther Systems

Established in 1993, Panther Systems is acknowledged by pulp and paper experts as the leading provider of manufacturing execution, quality control, process analysis and other manufacturing intelligence systems. Visit panthersys.com for information or call 360-750-9783.