MATR MATTR CORP

Mattr Finalizes Thermotite Sale

Mattr Finalizes Thermotite Sale

TORONTO, June 05, 2025 (GLOBE NEWSWIRE) -- Mattr Corp. (“Mattr” or the “Company”) (TSX: MATR) announced today that it has completed the sale of its subsidiary, Thermotite do Brazil (“Thermotite”), the Company’s final remaining pipe coating business, to Vallourec Tubular Solutions Ltda., a subsidiary of Vallourec S.A. (“Vallourec”) (EPA:VK). The Company has received proceeds of $17.5 million USD, or approximately $24 million CAD at current exchange rates, on a cash-free, debt-free basis, subject to normal working capital adjustments.

“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 Mike Reeves, Mattr’s President and CEO. “I would like to thank every member of the Thermotite team for their many contributions to the history and success of our organization, and wish them continued success under Vallourec.”

About Mattr

Mattr is a growth-oriented, global materials technology company broadly serving critical infrastructure markets, including transportation, communication, water management, energy and electrification. Its two business segments, Composite Technologies and Connection Technologies, enable responsible renewal and enhancement of critical infrastructure.

For further information, please contact

Meghan MacEachern

VP, Investor Relations & External Communications

Telephone: 437.341.1848

Email:

Website:

Source: Mattr Corp.



EN
05/06/2025

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Reports on MATTR CORP

 PRESS RELEASE

Mattr Corp. Announces Renewal of Normal Course Issuer Bid

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 PRESS RELEASE

Mattr Finalizes Thermotite Sale

Mattr Finalizes Thermotite Sale TORONTO, June 05, 2025 (GLOBE NEWSWIRE) -- Mattr Corp. (“Mattr” or the “Company”) (TSX: MATR) announced today that it has completed the sale of its subsidiary, Thermotite do Brazil (“Thermotite”), the Company’s final remaining pipe coating business, to Vallourec Tubular Solutions Ltda., a subsidiary of Vallourec S.A. (“Vallourec”) (EPA:VK). The Company has received proceeds of $17.5 million USD, or approximately $24 million CAD at current exchange rates, on a cash-free, debt-free basis, subject to normal working capital adjustments. “With our strategic rev...

 PRESS RELEASE

Mattr Reports Voting Results From Annual Meeting

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 PRESS RELEASE

MATTR Announces First Quarter 2025 Results

MATTR Announces First Quarter 2025 Results TORONTO, May 14, 2025 (GLOBE NEWSWIRE) -- Mattr Corp. (“Mattr” or the “Company”) (TSX: MATR) reported today its operational and financial results for the three months ended March 31, 2025. This press release should be read in conjunction with the Company’s Management Discussion and Analysis (“MD&A”) and interim consolidated financial statements for the three months ended March 31, 2025, which are available on the Company’s website and at Highlights include1: On January 2, 2025, the Company completed its acquisition of AmerCable® Incorporated ...

 PRESS RELEASE

Mattr Announces Protocol for Its Annual Meeting

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