Mattr Completes Acquisition of AmerCable, Establishing US Wire and Cable Manufacturing Footprint

January 10, 2025

Mattr Corp. has recently announced that it has closed its previously announced acquisition of AmerCable Incorporated, which now forms part of Mattr’s Connection Technologies reporting segment.

Under the terms of the transaction, Mattr has acquired all of the outstanding shares of AmerCable from Nexans USA Inc. for a purchase price of US$280M.

“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,” said Mike Reeves, Mattr’s President and CEO. “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.”

Read the previous press release about this acquisition HERE.

Source