Metalor Technologies SA has acquired Gannon & Scott for an undisclosed amount, a move that significantly bolsters its presence and capabilities in the precious metal refining sector. The transaction marks a key expansion for Metalor, integrating Gannon & Scott's century-long legacy and specialized expertise into its global operations.
Gannon & Scott, established in 1919, operates precious metal refining and reclamation facilities in Cranston, Rhode Island, and Phoenix, Arizona. The company is renowned for "doing it right," providing timely, transparent returns and value for its electronics, industrial, and jewelry customers. Gannon & Scott specializes in processing a wide range of precious metal-bearing waste streams, including electronic scrap and jewelry scrap, containing gold, silver, platinum, palladium, and rhodium. Its services cater to discerning corporations and government agencies.
This acquisition is strategically significant for Metalor Technologies SA, a global leader in precious metal refining, sustainable recovery solutions, and advanced materials. By incorporating Gannon & Scott, Metalor expands its refining capacity and strengthens its North American footprint. The synergy between the two companies is expected to enhance service offerings, allowing for more comprehensive solutions and delivering greater value, reduced risks, and expanded global reach for clients. Gannon & Scott's dedication to stringent environmental standards and advanced refining technologies aligns well with Metalor's commitment to sustainable recovery.
The combined entity is positioned to offer a more robust and integrated portfolio of precious metal services. This strategic step reinforces Metalor's leadership in the industry, promising enhanced operational efficiencies and a continued focus on delivering superior refining and reclamation solutions to a broader international customer base.