Vallourec has announced the successful completion of its acquisition of Thermotite do Brasil Ltda. from Mattr, following the terms of the agreement initially disclosed on 16 September 2024.
The acquisition marks a key step in Vallourec’s premiumisation strategy by integrating Thermotite’s specialised technological expertise in thermal insulation coatings for pipelines. This strategic move enhances Vallourec’s capabilities in delivering high-value solutions for offshore oil and gas projects.
Philippe Guillemot, chairman of the board of directors and chief executive officer: “This acquisition further strengthens our presence and our industrial value chain in Brazil, a key market for the offshore oil and gas industry. It will enable us to take a new step forward in our strategy to offer our customers integrated solutions with very high added value.”
The transaction received all required regulatory approvals and was finalised within the anticipated timeframe.
For more information visit www.vallourec.com
