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Highlights
- Mattr acquires AmerCable from Nexans for US$280M, enhancing its wire and cable offerings.
- The acquisition strengthens Mattr’s position as a leading provider of engineered cable solutions in North America.
- AmerCable’s products will complement Mattr’s Shawflex-branded offerings, expanding into key infrastructure markets.
Mattr Corp. (TSX:MATR) has announced the successful closure of its acquisition of AmerCable Incorporated ("AmerCable") from Nexans USA Inc. (EPA: NEX) for a purchase price of US$280 million. This acquisition, which now forms part of Mattr’s Connection Technologies reporting segment, marks a significant expansion of the company’s capabilities in the highly engineered wire and cable industry. AmerCable’s products will complement Mattr’s existing portfolio, solidifying its position as a leader in the North American market.
Strategic Acquisition to Enhance Market Position
Mike Reeves, President and CEO of Mattr, expressed his enthusiasm about the acquisition, stating, “The addition of AmerCable to our portfolio positions Mattr as a premier provider of highly engineered wire and cable technologies across the North American marketplace. AmerCable’s broad portfolio of low and medium-voltage electrical power, control, and instrumentation cable solutions expands and complements Mattr’s existing range of Shawflex branded products. We are excited to welcome the talented employees of AmerCable to the Mattr team.”
This acquisition strategically enhances Mattr’s capabilities in delivering cutting-edge cable solutions for critical infrastructure sectors, including energy, industrial, and renewable power generation. AmerCable’s established reputation in harsh-environment applications strengthens Mattr’s ability to serve customers across a diverse range of end markets.
About AmerCable
AmerCable is a leading manufacturer of highly engineered, low and medium-voltage electrical power, control, and instrumentation cables. Known for its ability to provide reliable solutions for electrification in harsh environments, AmerCable serves a wide customer base in critical infrastructure sectors such as mineral extraction, renewable power generation, general industrial, and energy. The company’s products are designed to meet the demands of some of the most challenging environments, ensuring dependable and safe power transmission for customers.
About Mattr
Mattr is a growth-oriented, global materials technology company serving critical infrastructure markets such as transportation, communication, water management, energy, and electrification. The company operates through two business segments—Composite Technologies and Connection Technologies—enabling the responsible renewal and enhancement of infrastructure while mitigating risks. With this acquisition of AmerCable, Mattr continues to strengthen its portfolio, positioning itself as a key player in providing high-performance solutions for essential industries.
