# Vallourec acquires Thermotite do Brasil for $17.5M

Vallourec has entered into a definitive agreement to acquire 100% of Thermotite do Brasil Ltda. from Mattr for $17.5 million. Thermotite provides thermal insulation pipe coating services for the offshore oil and gas industry, and its facility is located within Vallourec's premises in Serra, Brazil.

- Type: Acquisition
- Announced: 2024-09-16
- Where: Serra, Espirito Santo State, Brazil, Brazil
- Value: $17.5M
- Status: announced
- Products: thermal insulation pipe coating services
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Vallourec](https://endata.com/companies/335.md) (acquirer)
- [Thermotite do Brasil Ltda.](https://endata.com/companies/79830.md) (target)
- [Mattr](https://endata.com/companies/79831.md) (partner)

## Sources

- [oilfieldtechnology.com](https://www.oilfieldtechnology.com/offshore-and-subsea/16092024/vallourec-enhances-its-line-pipe-coating-solutions-with-the-acquisition-of-thermotite-do-brasil/), 2024-09-16: "This acquisition is a further step forward in our strategy to provide premium integrated solutions for the most challenging offshore projects."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.