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

TORONTO, Nov. 08, 2024 (GLOBE NEWSWIRE) — Mattr Corp. (“Mattr” or the “Company”) (TSX: MATR) announced today that it has agreed to acquire AmerCable Incorporated (“AmerCable”), a globally recognized U.S. manufacturer of highly engineered wire and cable solutions used in mission critical applications. Mattr, through its subsidiary, has entered into a definitive agreement to acquire all of the outstanding shares of AmerCable from Nexans USA Inc. (“Nexans”) (EPA: NEX) for a purchase price of US$28