{{Short description|Canadian materials technology company}} {{Infobox company| | name = Mattr Corp. | logo = Mattr Corp Logo.png | former_name = Shawcor Ltd. | type = Public | traded_as = {{Toronto Stock Exchange|MATR}} | location = Toronto, Ontario, Canada <br>Houston, Texas, United States | key_people = Virginia Shaw (former chairman)<br>Steve Orr (CEO)<br>Kevin Reizer, President | area_served = Worldwide | industry = Oil & Gas Equipment Services | num_employees = 6,000 – <small>November 2017</small> | products = Technical services to the petroleum industry; Pipe Coating | homepage = {{URL|https://www.mattr.com/}} }} '''Mattr Corp.''', formerly known as '''Shawcor Ltd.''', is a Canadian materials technology company, based in Toronto, Ontario, and listed on the Toronto Stock Exchange.<ref name=":5">{{Cite news|url=https://financialpost.com/globe-newswire/shawcor-rebrands-to-mattr-a-materials-technology-company-serving-critical-infrastructure-markets-globally|title=Shawcor Rebrands to Mattr, a Materials Technology Company Serving Critical Infrastructure Markets Globally|date=2023-06-07|work=Financial Post|access-date=2023-06-07}}</ref> It specializes in providing services to the pipeline sector of the oil and gas market. It is one of the largest pipe-coating providers in the world.<ref name=":1">{{Cite news|url=https://www.theglobeandmail.com/report-on-business/streetwise/shawcor-sale-will-draw-big-crowd-high-price/article4524431/|title=ShawCor sale will draw big crowd, high price|date=2012-09-06|work=The Globe and Mail|access-date=2018-08-19}}</ref> In 2017, it had a revenue of $1.56 billion.<ref>{{Cite web |title=Shawcor 2017 Annual Report |url=http://investors.shawcor.com/Cache/1001234728.PDF?O=PDF&T=&Y=&D=&FID=1001234728&iid=4313817 |archive-url=https://web.archive.org/web/20180820005827/http://investors.shawcor.com/Cache/1001234728.PDF?O=PDF&T=&Y=&D=&FID=1001234728&iid=4313817 |archive-date=2018-08-20 |website=investors.shawcor.com}}</ref> 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.<ref name=":2">{{Cite news|url=https://www.theglobeandmail.com/report-on-business/shawcor-bosss-hands-off-approach-to-energy-firm-leaves-time-for-golf/article754783/|title=ShawCor boss's hands-off approach to energy firm leaves time for golf|date=2002-10-20|work=The Globe and Mail|access-date=2018-08-19}}</ref>
== History == Shawcor was founded by Francis Shaw in rural Lambton County.<ref name=":0">{{Cite news|url=https://www.wallaceburgcourierpress.com/2016/01/14/shaw-business-dynasty-began-in-rural-lambton-county/wcm/884367a2-1e62-39c6-2582-3ca5a085c138|title=Shaw business dynasty began in rural Lambton County|date=2016-01-14|work=Wallaceburg Courier Press|access-date=2018-08-19|language=en-US}}</ref> 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.<ref name=":0" /> Under Leslie's leadership, the company grew significantly; by 2002, it had a market capitalization of $1 billion, and 43 plants in 20 countries.<ref name=":2" /> Around that time, Leslie ceded his leadership of the business to his daughter, Virginia Shaw.<ref>{{Cite news|title=ShawCor boss's hands-off approach to energy firm leaves time for golf|url=https://www.theglobeandmail.com/report-on-business/shawcor-bosss-hands-off-approach-to-energy-firm-leaves-time-for-golf/article754783/|access-date=2021-09-02}}</ref>
In 2012, Shawcor suggested that it might consider putting itself up for sale.<ref name=":1" /> 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%.<ref>{{Cite news|url=https://business.financialpost.com/investing/shawcor-falls-as-sale-considered-highly-unlikely|title=ShawCor falls as sale considered 'highly unlikely'|date=2012-12-04|work=Financial Post|access-date=2018-08-19|language=en-US}}</ref> In 2013, it eliminated its dual class share structure, under which the Shaw family controlled the majority of voting shares.<ref>{{Cite news|url=https://www.theglobeandmail.com/globe-investor/shawcor-to-eliminate-dual-share-structure/article7344422/|title=ShawCor to eliminate dual share structure|date=2013-01-14|work=The Globe and Mail|access-date=2018-08-19}}</ref>
==Operations== Shawcor operates through 5 business units: Pipeline Performance (Bredero-Shaw, Socotherm, Canusa-CPS, Dhatec), Composite Production Systems (FlexPipe, Global Poly, FlexFlow, ZCL/Xerxes, Parabeam), Integrity Management (Shaw Pipeline Services, Shawcor Inspection Services, Lake Superior Consulting), Oilfield Asset Management (Guardian, CSI), and Connection Systems (DSG-Canusa, Shawflex).<ref name=":3">{{Cite web|url=http://investors.shawcor.com/Cache/1500110370.PDF?O=PDF&T=&Y=&D=&FID=1500110370&iid=4313817|archive-url=https://web.archive.org/web/20181209124629/http://investors.shawcor.com/Cache/1500110370.PDF?O=PDF&T=&Y=&D=&FID=1500110370&iid=4313817|archive-date=2018-12-09|url-status=dead|title=Archived copy}}</ref> It has about 100 manufacturing and service facilities and sales offices and 6000 employees in 25 countries.<ref name=":3" /> thumb|Former logo of Shawcor Ltd. The pipe coating solutions division, which is the largest division in the company, was formerly part of Halliburton, an international oilfield services conglomerate. 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.<ref>{{Cite news|url=https://www.theglobeandmail.com/report-on-business/shawcor-taking-over-all-of-bredero-shaw/article25301276/|title=ShawCor taking over all of Bredero-Shaw|date=2002-07-23|work=The Globe and Mail|access-date=2018-08-19}}</ref>
==See also== * List of oilfield service companies
==References== {{reflist|30em}}
==External links== *{{Official website|https://www.mattr.com/}}
Category:Companies listed on the Toronto Stock Exchange Category:Multinational companies Category:Companies based in Houston Category:Companies based in Toronto Category:Energy companies of Canada Category:Engineering companies of the United States Category:Oilfield services companies Category:Paint manufacturers Category:Coatings Category:Canadian brands