Savaria Announces the Acquisition of the Dumbwaiter and Material Lift Assets of D.A. Matot, Inc.
LAVAL, Quebec, April 08, 2024 (GLOBE NEWSWIRE) -- Savaria Corporation (“Savaria”) (TSX: SIS) a global leader in the accessibility industry, today announced it has acquired all the dumbwaiter and material lift assets of D.A.
- LAVAL, Quebec, April 08, 2024 (GLOBE NEWSWIRE) -- Savaria Corporation (“Savaria”) (TSX: SIS) a global leader in the accessibility industry, today announced it has acquired all the dumbwaiter and material lift assets of D.A.
- Matot’s customer base includes current Savaria dealers as well as large passenger elevator companies.
- In 2023, Matot’s dumbwaiter and material lift business generated US $6.3 million (C $8.6 million) in revenue with US $1.1 million (C $1.5 million) in EBITDA.
- The Kelair dampers business is not part of this transaction and remains with the Matot family.