12:06 PM EDT, 06/05/2025 (MT Newswires) -- Mattr ( MTTRF ) Thursday completed the sale of its Thermotite do Brazil unit, the company's final remaining pipe coating business, to Vallourec for $24 million.

"With our strategic review process complete and our new facilities now online, we have laid the groundwork to deliver focused, high-return growth in our remaining core businesses," said chief executive Mike Reeves.

The company's shares were last seen down $0.01 to $9.88 on the Toronto Stock Exchange.

Price: 9.88, Change: -0.01, Percent Change: -0.10