Mattr Corporation Acquires AmerCable; Tax Liability Shifts in El Dorado
What happened
Mattr Corporation acquired AmerCable, a manufacturer of industrial-grade cables, in October 2026. The acquisition followed allegations by an El Dorado City Council member that AmerCable had been delinquent on property tax payments since 2018. The ground lease for AmerCable's property in El Dorado was amended to reflect the new ownership.
From eldoradonews.com
Why it matters
AmerCable operates on city-owned property in El Dorado and pays real property taxes to Union County. The acquisition means that the tax liability and regulatory enforcement responsibility for the property shifts to Mattr Corporation.
From eldoradonews.com
Who's involved
- CANADAMaterials technology company based in Canada that acquired AmerCable.
- El DoradoCity where AmerCable operates and holds a ground lease on city-owned property.
- Union CountyCounty that receives annual real property tax payments from AmerCable.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Union CountySpeculative
Union County might see changes in county revenue as the tax liability for the property shifts to Mattr Corporation.