Mattr Completes Acquisition of AmerCable, Establishing US Wire and Cable Manufacturing Footprint
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 02 2025
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Source: Globenewswire
Mattr Corp. Acquisition: Mattr Corp. has successfully completed the acquisition of AmerCable Incorporated for US$280 million, integrating it into their Connection Technologies segment to enhance their offerings in engineered wire and cable technologies.
AmerCable's Role: AmerCable specializes in low and medium-voltage electrical cables for harsh environments, serving critical infrastructure sectors such as mineral extraction and renewable energy, thereby expanding Mattr's product portfolio.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
