Articles from Shawcor Ltd., dba Mattr Infratech

TORONTO, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that its Flexpipe business has been awarded two purchase orders (“POs”), one in the Middle East and one in India, for its composite, spoolable pipe. In combination, the POs are valued at over $27 million, and are expected to be delivered in the first half of 2024.

TORONTO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today its Brazilian pipe coating facility has received a purchase order for the provision of thermal insulation coating for an offshore project in Brazil. The purchase order is valued over $50 million and will be executed from the Company’s Serra, Brazil facility in the first half of 2026.

TORONTO, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today the publication of its updated Investor Presentation. Mattr will be hosting an Investor Day at 12:45pm ET in Toronto, where management will discuss the Company’s vision.

TORONTO, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that it has completed the previously-announced sale of its pipe coating business (“Pipeline Performance Group” or “PPG”) to Tenaris S.A. (“Tenaris”) (NYSE and Mexico: TS and EXM Italy: TEN). The Company has received total proceeds of US$182.6 million, including estimated working capital and US$16.9 million in cash, for effective proceeds of US$165.7 million (or approximately CDN$225 million).

TORONTO, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that Norwegian and Mexican antitrust approvals have been issued for the sale of the majority of its pipe coating business (“Pipeline Performance Group” or “PPG”) to Tenaris S.A. (“Tenaris”) (NYSE and Mexico: TS and EXM Italy: TEN) announced through the Company’s press release dated August 14, 2023. Accordingly, all required regulatory approvals for the transaction have been obtained. The transaction is now expected to close in the next two weeks, subject to customary closing conditions. Upon closing, the Company expects to receive the agreed-upon purchase price of $166 million USD, or approximately $230 million CAD at current exchange rates, on a cash-free, debt-free basis, subject to normal working capital adjustments. Consistent with previously shared estimates, the aggregate net cash proceeds to be received by the Company in relation to this transaction are still expected to be modestly higher than the agreed purchase price.

TORONTO, Nov. 24, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that Derek Blackwood has decided to retire after 14 years of service as an independent director, including 3 years as board chair, and will not seek re-election at the Company’s 2024 Annual General Meeting. The Company’s board of directors have unanimously selected Kevin Nugent as Mattr’s new board chair. Mr. Nugent will assume this role effective December 1, 2023 and Mr. Blackwood will remain as a director of the Company until his retirement on May 14, 2024. Consistent with the Company’s succession practice, Mr. Blackwood will engage in a robust transition process with Mr. Nugent to enable a seamless transfer of responsibilities.

TORONTO, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) reported today its operational and financial results for the three and nine months ended September 30, 2023. 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 and nine months ended September 30, 2023, which are available on the Company’s website and at www.sedarplus.com.

TORONTO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that it expects to report its financial results for the period ended September 30th, 2023 on Monday, November 13th, 2023 after the market closes for trading on the TSX.

TORONTO, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that it has been included in the TSX30 for 2023. The Company ranked seventh on the list of top 30 performing stocks on the Toronto Stock Exchange, with a dividend-adjusted share price appreciation of 607% over the course of the last 3 years, which correlates to a 599% increase, or $1.14 billion increase in market capitalization over the same time period.

TORONTO, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today the publication of its 2022 Environmental, Social and Governance (“ESG”) report. The report can be found on the Company’s website at https://www.mattr.com/esg/.

TORONTO, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that its common shares will be added to the S&P/TSX Composite Index, effective prior to market open on Monday, September 18, 2023. The S&P/TSX Composite Index is the headline index and principal benchmark for Canadian equity markets.

TORONTO, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that it has entered into a definitive agreement to sell a substantial part of its pipe coating division (“Pipeline Performance Group” or “PPG”) to Tenaris S.A. (“Tenaris”) (NYSE and Mexico: TS and EXM Italy: TEN), including its wholly owned operations in Canada, the US, Mexico, Norway, the UAE and Indonesia, several mobile concrete coating plants, its joint-venture interest in Azerbaijan, its world-class research and development capabilities in Toronto and Norway, and a broad portfolio of intellectual property.

TORONTO, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) reported today its operational and financial results for the three and six months ended June 30, 2023. 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 and six months ended June 30, 2023, which are available on the Company’s website and at www.sedarplus.ca.

TORONTO, July 18, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that it intends to host an investor day on Monday, December 11th, 2023 in downtown Toronto. In addition, the Company will offer an optional tour of its Rexdale facility on December 12th, 2023.

TORONTO, July 13, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that it expects to report its financial results for the period ended June 30th, 2023 on Thursday, August 10th, 2023 after the market closes for trading on the TSX.

TORONTO, June 29, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that it will expand and enhance its Connection Technologies (formerly Automotive and Industrial) segment production capabilities in the US and Canada, with commitments for two new operating facilities which, in combination, will replace its existing Greater Toronto Area (“GTA”) manufacturing site that was sold and leased-back in June of 2022. Capital expenditures for these operating facilities are expected to represent, in the aggregate, approximately $35 million across 2023 and 2024. The 2023 portion of these organic growth investments form a part of the Company’s previously communicated capital expenditure guidance of $160-$180 million for the current year. These facilities will expand the Company’s capability to deliver high-quality heat and cold shrink tubing and highly specified custom wire and cable products to the North American market, more specifically:

TORONTO, June 26, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR), today announced that it has terminated its existing normal course issuer bid (the “Existing Bid”), which commenced on September 26, 2022 and had an expiry date of September 25, 2023, and the Toronto Stock Exchange (the “TSX”) has approved the Company’s notice of intention to renew its normal course issuer bid (the “New Bid”) for common shares of the Company (the “Common Shares”).

TORONTO, June 07, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd. (TSX: SCL) today announced that it has rebranded to Mattr (legal name: Shawcor Ltd., dba Mattr Infratech) herein referred to as “Mattr” or the “Company”, reflecting its transformation from an energy services organization, into a materials technology company, providing differentiated, high-performance products to critical infrastructure markets around the world. Effective today, trading of Mattr’s common stock on the Toronto Stock Exchange will be quoted under the ticker symbol TSX: MATR. As part of the rebrand, the Company has launched a beta of its new website that can be accessed at www.mattr.com.