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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.
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.
Tenaris completed its acquisition of Mattr's pipe coating business unit for $182.6 million, bringing nine plants in Canada, Mexico, Norway, Indonesia, the UAE and the United States.