Mattr to acquire AmerCable for US$280M

Mattr Corp. announced a definitive agreement to acquire AmerCable from Nexans USA Inc. for US$280 million. The acquisition will enhance Mattr's highly engineered wire and cable capabilities in the U.S. market and is expected to close around year-end 2024.

“The pending acquisition of AmerCable will be a significant step forward in Mattr's strategy to enhance our wire and cable business exposure within the large and growing U.S. market.”investors.mattr.com

• 2 sources
• investors.mattr.comMattr - Mattr Enters into Definitive Agreement to Acquire AmerCable for US$280m, Significantly Enhancing its Highly Engineered Wire and Cable Capabilities Within the U.S. Market and its Exposure to the Global Electrification MovementNov 8, 2024
• globenewswire.comNexans to sell AmerCable to MattrNexansNov 8, 2024

Summarized from public sources; check the original articles before acting on it.