Tenaris Completes Acquisition Of Pipe Coating Business Unit Of Mattr

Tenaris has completed its acquisition of Mattr’s pipe coating business unit (Shawcor) for US $182.6 million. Tenaris brings nine plants in Canada, Mexico, Norway, Indonesia, the UAE, and the United States, and several mobile concrete plants, as well as world-class R&D facilities in Canada and Norway, and a wide IP/product portfolio into its fold.

The acquisition complements Tenaris’s extensive product and services solutions with greater capabilities and specialization in end-to-end concrete weight, anti-corrosion, and flow assurance coating solutions for onshore and offshore pipelines.

Courtesy of Tenaris.

Previous articleAlro Steel Acquires Pottinger Steel
Next articleBe Sure to Check Out the Expo at Fugitive Emissions Summit Americas 2024!
Shopia Ketheeswararajah is a feature editor contributing to Pump Engineer, Stainless steel World Americas, Hose and Coupling World, and other related print & online media.