Bullboard - Stock Discussion Forum Mattr Corp T.MATR

Alternate Symbol(s): MTTRF

Mattr Corp., formerly Shawcor Ltd., is a global material technology company serving critical infrastructure markets, including electrification, transportation, communication, water management and energy. The Company operates through a network of fixed and mobile manufacturing and service facilities. The Company operates through two business segments: Composite Technologies and Connection... see more

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TSX:MATR - Post Discussion

Mattr Corp > not the big deal ,

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Post by Possibleidiot01 on Jun 01, 2023 5:58pm

not the big deal ,

Another small step tp MATTR.

About $14 million in sales for this inspection division.

TORONTO, June 01, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd. (“Shawcor” or the “Company”) (TSX: SCL) announced today that it has sold its Shaw Pipeline Services (“SPS”) operating unit to a US-based investor group which includes Achieve Capital LLC and members of current SPS management. This transaction resulted from the Company’s previously announced strategic review process.

With this sale, the Company’s Pipeline and Pipe Services (“PPS”) segment will consist entirely of the Pipeline Performance Group (“PPG”) operating unit, for which a previously communicated strategic review process is ongoing.

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