12:49 PM EST, 01/02/2025 (MT Newswires) -- Mattr ( MTTRF ) said Thursday it had closed its US$280 million acquisition of AmerCable, which has now come under the umbrella of Mattr's ( MTTRF ) Connection Technologies reporting segment.

"The addition of AmerCable to our portfolio positions Mattr ( MTTRF ) as a premier provider of highly engineered wire and cable technologies across the North American marketplace," said Mike Reeves, President and CEO. "AmerCable's broad portfolio of low and medium-voltage electrical power, control and instrumentation cable solutions expands and complements Mattr's ( MTTRF ) existing range of Shawflex branded products."

Mattr ( MTTRF ) was last seen down $0.06, to $12.58, on the Toronto Stock Exchange.

Price: 12.60, Change: -0.04, Percent Change: -0.32