On November 8, 2024, Mattr Corp. (Mattr), a growth-oriented, global materials technology company broadly serving critical infrastructure markets, entered into a definitive agreement to acquire AmerCable Incorporated, a leading manufacturer of highly engineered wire and cable solutions used in mission-critical applications, from Nexans USA Inc. for a purchase price of US$280 million (or approximately CA$390 million).

This pending strategic acquisition will significantly enhance Mattr’s wire and cable business exposure within the large and growing US market, in addition to broadening the company’s existing product portfolio and bolstering its North American manufacturing capacity to better serve customers in both Canada and the US.

Mattr is a growth-oriented company broadly serving critical infrastructure markets, including electrification, transportation, communication, water management and energy. With the successful conclusion of this significant transaction, Mattr’s comprehensive portfolio transformation and strategic review process have reached a substantial milestone. The company's forward focus is now dedicated to accelerating high-value growth within their Composite and Connection Technologies' segments.

Dentons is acting as the exclusive legal advisor to Mattr, supporting the transaction with a comprehensive, cross-border team led by Kelli Patel, Mauryah McLaughlin and Daniela Acevedo (Canada) and supported by Mitchell E. Albert, Joshua Fisher and a national team of lawyers located across the United States.

Dentons remains an advisor of choice for multinational companies, delivering strategic and pragmatic legal advice to drive forward key business initiatives. Clients worldwide benefit from our unparalleled global reach, multijurisdictional capabilities and deep industry knowledge. More about our Corporate/M&A offering.

Read the official news release from Mattr.

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