Mattr Enters into Definitive Agreement to Acquire AmerCable for US$280m, Significantly Enhancing its Highly Engineered Wire and Cable Capabilities Within the U.S. Market and its Exposure to the Global Electrification Movement

Acquisition Announcement: Mattr Corp. has agreed to acquire AmerCable Incorporated for US$280 million, enhancing its position in the North American wire and cable market by integrating AmerCable's specialized products and manufacturing capabilities.

Strategic Benefits: The acquisition is expected to broaden Mattr's product offerings, improve financial performance, and create long-term value for shareholders by leveraging synergies between Mattr's Shawflex brand and AmerCable's operations.