Mattr (TSE:MATR) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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.