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Mattr

Canadian materials technology company

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Mattr Corp., formerly known as Shawcor Ltd., is a Canadian materials technology company, based in Toronto, Ontario, and listed on the Toronto Stock Exchange. In 2017, it had a revenue of $1.56 billion. It was founded by Francis Shaw, the father of the founder of Shaw Communications, and there was substantial ownership in both companies by the Shaw family for many years.

01History

Shawcor was founded by Francis Shaw in rural Lambton County. It was originally a construction company, but later expanded into pipeline coatings, cable television, and numerous other businesses. In the 1970s, the business was split between Francis's sons Leslie and JR Shaw; Leslie inherited the pipeline services business, which became the current Shawcor, while JR Shaw inherited the western cable business, which became Shaw Communications. Under Leslie's leadership, the company grew significantly; by 2002, it had a market capitalization of $1 billion, and 43 plants in 20 countries. Around that time, Leslie ceded his leadership of the business to his daughter, Virginia Shaw.

In 2012, Shawcor suggested that it might consider putting itself up for sale. At the time, the company had a market capitalization of about $3 billion. The company eventually decided not to sell, causing to share price to fall 15%. In 2013, it eliminated its dual class share structure, under which the Shaw family controlled the majority of voting shares.

Former logo of Shawcor Ltd.
Former logo of Shawcor Ltd.

02Operations

Shawcor operates through 2 Segments: Composite Technologies (Flexpipe and Xerxes) and Connection Technologies (AmerCable, DSG Canusa and Shawflex). It has about 100 manufacturing and service facilities and sales offices and 6000 employees in 25 countries.

The previous pipe coating solutions division - which was the largest division in the company until its sale to Tenaris at the end of 2023 - was formerly part of Halliburton. At that time, it was named Bredero Price. Shawcor acquired the portion of the division it did not already own for $200 million in 2002.

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Sources and credits

This article is adapted from the Wikipedia article Mattr, written by its contributors and licensed under CC BY-SA 4.0. Fathomly has changed the layout, removed citation markers, navigation and maintenance notices, and adjusted punctuation. This adapted version is shared under the same license. For references, see the original article.

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