Mattr (TSE:MATR) has released an update.
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Mattr Corp. has signed a definitive agreement to sell its Brazilian subsidiary, Thermotite, which specializes in thermal insulation pipe coating services, to Vallourec Tubular Solutions for $17.5 million USD. This deal marks the end of Mattr’s strategic review process and is expected to enhance the company’s focus on high-return growth in its core businesses.
For further insights into TSE:MATR stock, check out TipRanks’ Stock Analysis page.