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

January 10, 2025

Mattr Corp. has announced that it has closed its previously announced acquisition of AmerCable Incorporated [see press release], 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.”

Source

Related Articles

Latest Articles

Changing Scene

  • Siemens to Establish Global AI Manufacturing Technologies R&D Center for Battery & EV Production in Canada

    Siemens to Establish Global AI Manufacturing Technologies R&D Center for Battery & EV Production in Canada

    May 26, 2025 Siemens will invest CAD $150 million over five years to establish a Global AI Manufacturing Technologies Research and Development (R&D) Center for Battery Production in Canada. The new R&D center, located initially at Siemens Canada’s head office in Oakville, as well as in Toronto and Kitchener-Waterloo, Ontario, will focus on developing cutting-edge AI manufacturing technologies with an initial emphasis… Read More…

  • Honda Postponing Ontario EV Supply Chain Investment by Two Years

    Honda Postponing Ontario EV Supply Chain Investment by Two Years

    May 26, 2025 Honda is postponing its plan to invest in a comprehensive EV supply chain in Ontario. The CBC reported that the investment is being push back by two years. “Due to the recent slowdown of the EV market, Honda Motor has announced an approximate two-year postponement of the comprehensive value chain investment project in Canada…. Read More…

  • Serge Leblanc Named Sonepar Canada Interim President

    Serge Leblanc Named Sonepar Canada Interim President

    May 26, 2025 George McClean, former President of Sonepar Canada, has decided to leave Sonepar for an opportunity outside of the electrical industry. Serge Leblanc, current President of Lumen Canada, has been appointed interim President of Sonepar Canada. Leblanc will manage both responsibilities until a successor is named.  Leblanc joined Lumen in 1997 and has… Read More…

  • Ontario Building and Construction Tradeswomen Head to Queens Park to Advocate for Safer, More Inclusive Job Sites

    Ontario Building and Construction Tradeswomen Head to Queens Park to Advocate for Safer, More Inclusive Job Sites

    May 26, 2025 On Monday, May 26, the Ontario Building and Construction Tradeswomen (OBCT), will host its first-ever Advocacy Day at Queen’s Park. Tradeswomen from across the province will gather to meet with Members of Provincial Parliament, including Minister of Labour David Piccini, to advocate for progress in the skilled trades for tradeswomen. OBCT’s top priorities include:… Read More…