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Mattr Corp. Agrees to Sell Thermotite do Brazil to Vallourec for US$17.5M

Sep 16, 2024•over 1 year ago

Contract Type

agreement

Espírito Santo

Description

Mattr Corp. has entered into a definitive agreement to sell its subsidiary, Thermotite do Brazil, which provides thermal insulation pipe coating services to the offshore oil and gas industry, to Vallourec Tubular Solutions, a subsidiary of Vallourec S.A. The transaction is subject to customary closing conditions, including regulatory approvals, with the Company expected to receive gross sale proceeds of at least $17.5 million USD upon closing.

Company Information

Company

Mattr

Location

Espírito Santo, Brazil

About

Mattr Corp. is a growth-oriented, global materials technology company, serving critical infrastructure markets, including transportation, communication, water management, energy, and electrification. The company's two business segments, Composite Technologies and Connection Technologies, enable responsible renewal and enhancement of critical infrastructure while lowering risk.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.