Shawcor rebrands to reflect transformation into materials technology company for underground infrastructure market
(UI) – Shawcor Ltd. has rebranded to Mattr, reflecting its transformation from an energy services organization, into a materials technology company, providing differentiated, high-performance products to critical infrastructure markets around the world.
The Composite Systems reporting segment of the company will now be known as Composite Technologies. Businesses contained within the Composite Technologies segment continue to be the Flexpipe business, which manufactures premium flexible fiberglass reinforced composite pipe used for oil and gas gathering and water disposal lines, carbon dioxide injection lines and other applications requiring corrosion resistance and high-pressure capabilities; and the Xerxes business, which manufactures market-leading fiberglass reinforced plastic underground storage tanks, primarily used within the retail fuel, storm water and wastewater markets and other composite material based storm water management products
The name of the Pipeline and Pipe Services reporting segment, for which a strategic review process is ongoing, will remain the same. The Shawcor name will continue to be used as a brand name for the pipe coating business within this segment.
“As we look to the future, we will leverage our new image, our differentiated offerings and our underlying core competencies in materials technology to deliver high-value, reliable, environmentally responsible products into critical infrastructure markets around the world; to attract and inspire extraordinary talent; and to propel our operating businesses to even greater heights,” said Mike Reeves, President and CEO of Mattr.
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