- Business
- Mattr Corp. engages in advanced materials technology and engineered infrastructure solutions, serving critical sectors including transportation, communication, water management, energy, and electrification. The company operates through two primary segments, Composite Technologies and Connection Technologies, with a manufacturing and service footprint across North America, Europe, Asia-Pacific, the Middle East, and Africa. Headquarters are in Canada, and the company was founded in 2017.
Main products and services
- Composite Technologies: flexible composite piping and related engineered solutions for oil and gas gathering, utilities, and industrial applications under the Flexpipe brand; FRP underground storage tanks and other composite structures under the Xerxes portfolio; custom composite structures and components for energy and infrastructure projects.
- Connection Technologies: heat-shrink tubing, wire and cable assemblies, and related connectivity products produced at North American and international facilities; manufacturing and distribution of high-performance protective coverings and electrical interconnect solutions for energy, telecommunications, and industrial networks.
- Additional services: design, prototyping, process engineering, and turnkey manufacturing support for infrastructure projects; technical support, field service, and after-sales maintenance for deployed systems; engineering collaboration with customers on material selection, reliability testing, and lifecycle management.
Latest major company changes
- Strategic expansion of North American manufacturing footprint: opening of a new heat-shrink tubing production site in Fairfield, Ohio, and a new wire and cable production site in Vaughan, Ontario, to accelerate regional supply and serve growing demand (expected production by late 2024 and mid-2025, respectively).
- Facility replacement and capacity enhancement: replacement of the Rexdale facility in Toronto to support broader output across the Connection Technologies segment and to underpin ongoing growth in composite and connection offerings.
- Periodic quarterly and annual results signaling continued revenue diversification and capital expenditure to scale manufacturing capacity, with 2024 Q2 results highlighting the footprint expansion and integration of new production lines.
Industry context and strategy
- Industry: advanced materials and engineered infrastructure; market focus includes energy, oil and gas infrastructure, utilities, and transportation networks.
- Business segments and customers: enterprise and institutional customers requiring high-performance piping, storage tanks, and electrical/interconnect solutions; long-term partnerships with energy, transportation, and utilities providers.
- Geographic scope: significant operations and customers in the United States, Canada, Europe, and other global regions, with ongoing capacity investments to support international demand.
- Corporate structure: publicly traded on the TSX under MATR; operates as a parent company with specialized manufacturing facilities and brand offerings across its two principal segments.