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Tenaris Acquires Mattr’s Pipe Coatings Unit Shawcor

Deal receives regulatory approvals in Mexico and Norway.

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By: Rachel Klemovitch

Assistant Editor

Tenaris has completed its acquisition of Shawcor, Mattr’s pipe coating business unit for $182.6 million. This deal was previously announced in August 2023 and has already received regulatory approvals in Norway and Mexico. 
 
This acquisition complements Tenaris’ products and solutions providing greater capabilities and specialization in end-to-end concrete weight, anti-corrosion, and flow assurance coating solutions for off and onshore pipelines. 
 
In acquiring Shawcor, Tenaris gains nine plants in Mexico, Canada, Norway, UAE, Indonesia, and the United States. Also gained ate several mobile concrete plants, R&D facilities in Canada and Norway, and a wide IP product portfolio.
 
“We are creating an excellent portfolio of high-quality products, innovative services and coating technologies, offering highly efficient and effective solutions to serve customers’ operations,” said Tenaris European president Michele Della Briotta.
 
Tenaris will honor existing Shawcor commitments and Tenaris will work to integrate facilities.  
 
 

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