Canada’s Mattr Corp. has agreed to acquire AmerCable Incorporated (AmerCable), a globally recognized U.S. manufacturer of highly engineered wire and cable solutions that will be incorporated into Mattr’s Connection Technologies reporting segment

A press release said that the deal, subject to customary closing conditions, is expected to close by the end of the year. AmerCable, which is part of Nexans, is based in the U.S. in Arkansas, where it manufactures electrical power, control and instrumentation cables for harsh environments. The company has some 300 employees and reported 2023 sales of $248 million.

“This agreement aligns with our strategy to refocus on Electrification and simplify the Group,” said Nexans CEO Christopher Guérin. He noted that AmerCable, acquired in 2012, has been a key pillar of Nexans’s Industry & Solutions portfolio. Over the last decade, the business has gone through a significant transformation, and in the last three years, with the implementation of Nexans’s SHIFT program, it has been brought to its full potential and full capacity. “It was therefore the appropriate time to look for a new owner that could invest and grow the business further as our cycle was successfully completed.”

“The pending acquisition of AmerCable will be a significant step forward in (our) strategy to enhance our wire and cable business exposure within the large and growing U.S. market,” said Mattr President Mike Reeves.

Mattr came into existence in 2023 by the rebranding of Shawflex Ltd. to reflect the company’s transformation from an energy services organization into a materials technology company. It is split between a composite systems segment (pipe for oil and gas) and connection technologies, which include Shawflex’s highly specified custom wire and cable products for complex applications and extreme environments as well as shrink tubing products and accessories.

Reeves observed that the transaction will broaden his company’s existing portfolio and add medium-voltage electrical power, control and instrumentation cable solutions. That will enhance North American manufacturing capacity, and allow Mattr to better serve customers in Canada and the U.S.

Last year Mattr announced that it would relocate its Shawflex business to a larger, more efficient facility in Vaughan, Ontario, in a phased manner expected to be completed in 2025, with full production in 2026.