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

USA, Thursday, 2 January 2025.Mattr Corp has completed its acquisition of Nexans AmerCable for $280 million, enhancing its cable manufacturing capabilities and expanding its market presence in North A

Nexans, Friday, 8 November 2024.Mattr Corp agrees to acquire Nexans AmerCable for $280 million, boosting its presence in the U.S. wire and cable market. The deal, expected to close by year-end 2024, a

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]