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Tenaris (NYSE:TS) said late Monday it agreed to acquire from Mattr 100% of the shares of its Bredero Shaw International subsidiary, which holds Mattr's pipe coating business, for C$220M (~US$166M).

The deal includes nine plants located in Canada, Mexico, Norway, Indonesia, the United Arab Emirates and the U.S., as well as several concrete coating plants, a joint venture interest in Azerbaijan, R&D facilities in Canada and Norway, and a wide portfolio of intellectual property.

Mattr said the transaction does not include entities of the PPG business in Malaysia, Italy, the U.K. and Brazil, which the company said it plans to exit at the appropriate time.

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