Mattr Expands Wire and Cable Business with AmerCable Acquisition Mattr (TSX: MATR) has acquired AmerCable Inc. from Nexans S.A. (ENXTPA: NEX) for US$280 million. AmerCable, a U.S.-based producer of engineered wire and cable solutions, complements Mattr's Shawflex business and expands its U.S. footprint, particularly in medium voltage applications. The acquisition aligns with Mattr's growth strategy, benefiting from electrification trends and infrastructure expansion. Expected to close by year-end, the deal is projected to deliver immediate earnings accretion, improve revenue stability, and enhance operational capabilities. AmerCable’s facilities in Arkansas and Texas will integrate with Mattr’s Canadian operations, creating one of North America’s leading custom-engineered cable manufacturers. [more]

Read our article as Mattr (TSX: MATR) acquires AmerCable for US$280M, expanding its U.S. wire and cable footprint. This segment is benefiting from electrification tailwinds. $MATR #Mattr #AmerCable #Acquisition #Wire #Cable #WireAndCable #Electrification
eresearch.com/2024/11/10/e...