Vallourec Completes Acquisition of Thermotite do Brasil

Vallourec, a leader in tubular solutions, has finalized the acquisition of Thermotite do Brasil from Mattr. This acquisition, first announced on September 16, 2024, is integral to Vallourec's strategy to enhance its technological capabilities in thermal insulation coatings for pipelines, targeting the offshore oil and gas sector. Philippe Guillemot, Vallourec's CEO, highlights the acquisition’s alignment with their strategy to heighten their industrial value chain in Brazil—a significant market for the industry. The deal, which has secured all necessary regulatory approvals, was executed as scheduled, emphasizing Vallourec's focus on providing integrated solutions with high added value. Vallourec is renowned for its premium tubular solutions across energy and other demanding sectors and is committed to innovation and safety. Vallourec operates globally with over 13,000 employees and is publicly listed on the Euronext in Paris.