# 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.

- Type: Acquisition
- Announced: 2024-11-08
- Where: Arkansas, United States
- Value: $280.0M
- Status: announced
- Products: highly engineered wire and cable solutions
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Nexans](https://endata.com/companies/5093.md)
- [Nexans](https://endata.com/companies/5093.md) (partner)
- [Mattr](https://endata.com/companies/79831.md) (acquirer)
- [AmerCable](https://endata.com/companies/80850.md) (target)

## Sources

- [investors.mattr.com](https://investors.mattr.com/news/news-details/2024/Mattr-Enters-into-Definitive-Agreement-to-Acquire-AmerCable-for-US280m-Significantly-Enhancing-its-Highly-Engineered-Wire-and-Cable-Capabilities-Within-the-U-S--Market-and-its-Exposure-to-the-Global-Electrification-Movement/default.aspx), 2024-11-08: "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."
- [globenewswire.com](https://www.globenewswire.com/news-release/2024/11/08/2977390/0/en/nexans-to-sell-amercable-to-mattr.html), 2024-11-08: "This agreement aligns with our strategy to refocus on Electrification and simplify the Group."

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