Core Insights - Mattr Corp. has completed the sale of its subsidiary, Thermotite do Brazil, to Vallourec Tubular Solutions Ltda. for proceeds of $17.5 million USD, approximately $24 million CAD [1] - The sale marks the divestiture of Mattr's final remaining pipe coating business, allowing the company to focus on its core operations [1][2] - Mattr's President and CEO, Mike Reeves, emphasized the completion of a strategic review process and the establishment of new facilities to drive high-return growth in remaining core businesses [2] Company Overview - Mattr is a growth-oriented global materials technology company serving critical infrastructure markets, including transportation, communication, water management, energy, and electrification [2] - The company operates through two business segments: Composite Technologies and Connection Technologies, aimed at responsible renewal and enhancement of critical infrastructure [2]
Mattr Finalizes Thermotite Sale
Globenewswire·2025-06-05 11:00