January 3, 2025 - AmerCable’s portfolio of electrical power and control cables to complement Mattr’s Shawflex products.

Mattr has closed its previously announced acquisition of AmerCable Incorporated, which now forms part of Mattr’s Connection Technologies reporting segment.

Under the terms of the transaction, the company has acquired all of the outstanding shares of AmerCable from Nexans USA. for a purchase price of US$280 million.

“The addition of AmerCable to our portfolio positions Mattr as a premier provider of highly engineered wire and cable technologies across the North American marketplace,” said Mike Reeves, Mattr’s president and CEO. “AmerCable’s broad portfolio of low and medium-voltage electrical power, control and instrumentation cable solutions expands and complements Mattr’s existing range of Shawflex branded products. We are excited to welcome the talented employees of AmerCable to the Mattr team.”

Mattr had entered into a definitive agreement in November 2024 to acquire AmerCable.

In a press statement announcing the same, Reeves noted, “The pending acquisition of AmerCable will be a significant step forward in Mattr’s strategy to enhance our wire and cable business exposure within the large and growing U.S. market. This transaction will broaden our existing portfolio of highly engineered low-voltage electrical power, control and instrumentation cable solutions, while also adding medium voltage electrical power, control and instrumentation cable solutions and enhancing our North American manufacturing capacity, allowing Mattr to better serve customers in both Canada and the U.S. Specialized wire and cable products are essential to the continued expansion and modernization of North American critical infrastructure, and this combination will position Mattr as a premier provider in this important sector.”