VLOWY is set to acquire 100% of the shares in Mattr's subsidiary, Thermotite do Brasil. The transaction is expected to take place on a cash-free and debt-free basis.

Vallourec (OTCPK:VLOWY) is set to acquire Thermotite do Brasil Ltda., a specialized provider of thermal insulation pipe coating services, from Mattr (OTCPK:MTTRF) for $17.5 million on a cash-free, debt-free basis.

Vallourec enters into a definitive agreement to acquire from Mattr 100% of the shares of its subsidiary Thermotite do Brasil Ltda.

TORONTO, Sept. 16, 2024 (GLOBE NEWSWIRE) -- (“Mattr” or the “Company”) (TSX: MATR) announced today that it has entered into a definitive agreement to sell its subsidiary, Thermotite do Brazil (“Thermotite”),

French tubular solutions supplier Vallourec has entered into a definitive agreement to acquire Matt’s subsidiary Thermotite do

Mattr Corp. (TSX:MATR) has entered into an agreement to sell its subsidiary Thermotite do Brazil to Vallourec for US$17.5 million ・Vallourec will acquire 100 per cent of the shares of the Termotite entity while Matter will control and retain all earnings from Thermotite until the closing of the transaction ・The deal is part of the company’s