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Mattr Signs Definitive Agreement to Sell a Substantial Part of Its Pipeline and Pipe Services Segment to Tenaris for Approximately $220 Million CAD

TORONTO, Aug. 14, 2023 (GLOBE NEWSWIRE) Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that it has entered into a definitive agreement to sell a substantial part of its pipe coating division (“Pipeline Performance Group” or “PPG”) to Tenaris S.A. (“Tenaris”) (NYSE and Mexico: TS and EXM Italy: TEN), including its wholly owned operations in Canada, the US, Mexico, Norway, the UAE and Indonesia, several mobile concrete coating plants, its joint-venture ....

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Mattr Infrastructure Technologies expands and modernizes tubing business

Shawcor Ltd. — doing business as Mattr Infrastructure Technologies — is relocating operations from a Canadian plant and a U.S. distribution hub.The Toronto-based company said it expects to invest about C$35 million (US$26.2 million) to move its production of industrial heat- and cold… ....

United States , South Carolina , Mattr Shawflex , Frank Cistrone , Meghan Maceachern , Mattr Xerxes , Pipeline Pipe Services , Shawcor Ltd , Kanata Electronic Services Ltd , Mattr Infrastructure Technologies , North American , Connection Technologies , Composite Technologies , Pipe Services ,