Nexans completes the sale of AmerCable to Mattr
Nexans completes the sale of AmerCable to Mattr
Mattr
Chemicals & Related Products · Canada · 1,500 Employees
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About
Headquarters
25 Bethridge Rd, Toronto, Ontario, M9W 1M7, Can...Phone Number
(416) 743-7111Website
www.mattr.comRevenue
$675.9 MillionIndustry
Most Recent Scoops
Dec 9 2024
Project
offers two primary products in its composite technology segment: spoolable composite pipe for oil and gas customers, and underground fuel storage tanks through its Xerxes tank business. In the connection technology segment, the company manufactures highly engineered wire and cable solutions for energy and communications, as well as heat shrink tubing for connection protection.
Dec 9 2024
Project
specializes in manufacturing components for critical infrastructure expansion and renewal, focusing on industrial infrastructure, oilfields, and automotive applications where conditions are extreme. The company serves various industrial end markets, targeting areas with high cost of failure and value creation potential.
Highlights
$1.1B
Total Funding Amount
$500M
Most Recent Funding Amount
5
Number of Funding Rounds
Who is Mattr
ShawCor, founded in 1968 and headquartered in Ontario, Canada, is an integrated energy services company and works in a variety of industries including oil and gas, petrochemical, industrial, electrical, electronic, automotive, and communications.Explore more
Mattr Org Chart
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Mattr
$675.9M
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Mattr Tech Stack
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Most Recent Scoops
Dec 9 2024
Project
offers two primary products in its composite technology segment: spoolable composite pipe for oil and gas customers, and underground fuel storage tanks through its Xerxes tank business. In the connection technology segment, the company manufactures highly engineered wire and cable solutions for energy and communications, as well as heat shrink tubing for connection protection.
Energy / Power, Oil & Gas
Dec 9 2024
Project
specializes in manufacturing components for critical infrastructure expansion and renewal, focusing on industrial infrastructure, oilfields, and automotive applications where conditions are extreme. The company serves various industrial end markets, targeting areas with high cost of failure and value creation potential.
Engineering, Automotive, Industrial Engineering, Manufacturing Operations, Oil & Gas, Operations
Dec 9 2024
Project
Mattr has stated that its capital deployment strategy includes lowering net debt, investing in new production footprints, repurchasing shares (over $100 million, approximately 10% of company shares), and pursuing strategic acquisitions.
Mergers & Acquisitions, Share Placement, Acquisitions, Business Finance, Corporate Strategy, Finance, Mergers
Dec 9 2024
Divestiture
Mattr has divested 100% of its pipeline-exposed businesses over the last three years, retaining four businesses aligned with its core strengths and key market growth themes, including population growth, clean water needs, diverse and affordable energy, and North American manufacturing.
Divestitures, Corporate Strategy, Finance
Dec 9 2024
Earnings
Earnings, Business Finance, Finance
Mattr News & Media
Mattr Announces Expiration of HSR Act Waiting Period for AmerCable Acquisition and Conversion of Debt Subscription Receipts
TORONTO, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Mattr Corp. (“Mattr” or the “Company”) (TSX: MATR) announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR Act”), applicable to Mattr’s previously announced agreement to acquire AmerCable Incorporated (“AmerCable”), has expired. With the regulatory approval under the HSR Act secured (“HSR Approval”), Mattr expects the balance of the conditions to closing of this transaction to be achievable within a tMattr Corp. Announces Closing of Debt Subscription Receipt Offering
TORONTO, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Mattr Corp. (“Mattr” or the “Company”) (TSX: MATR) confirmed today that it has successfully closed its previously announced private offering (the “Offering”) of debt subscription receipts (the “Subscription Receipts”) for aggregate gross proceeds of approximately $129.3 million. The Offering proceeds, less the underwriters’ fee and expenses, are being held in escrow pending the satisfaction or waiver of certain conditions, following which, the SubscriptCorrection: Mattr Corp. Announces Pricing of Debt Subscription Receipts
Mattr provides the following correction to the press release issued earlier today, December 6, 2024, which stated that the yield to maturity on the 125,000 Subscription Receipts, as defined below, to be issued pursuant to the private placement offering is 6.375%. Such yield to maturity for each Subscription Receipt should read 6.735%.Mattr Corp. Announces Pricing of Debt Subscription Receipts
TORONTO, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Mattr Corp. (“Mattr” or the “Company”) (TSX: MATR) announced today that it has entered into an underwriting agreement to sell, pursuant to a private placement offering (the “Offering”), 125,000 debt subscription receipts (the “Subscription Receipts”) at a price of $1,018.75 per Subscription Receipt (yield to maturity of 6.375%), plus accrued but unpaid interest on the underlying Note (as defined below) from October 2, 2024 to, but excluding the
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Frequently Asked Questions Regarding Mattr
ShawCor, founded in 1968 and headquartered in Ontario, Canada, is an integrated energy services company and works in a variety of industries including oil and gas, petrochemical, industrial, electrical, electronic, automotive, and communications.... Read More
