Founded in 1888, Matot has functioned as a family-owned business over the past 130 years, becoming a leading North American supplier of lifts used for the movement of goods in commercial and industrial applications. Dumbwaiters and material lifts are used in a wide range of activities, including within hospital and healthcare facilities, the hospitality sector, and a variety of retail and industrial settings. 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
“The quality and strong reputation of Matot are well known in our industry. This unique opportunity to add their portfolio of products to our current offering will continue to strengthen our position as a market leader. Furthermore, this acquisition is in line with our strategy of offering the best and widest product portfolio to our dealer network and direct stores. Dumbwaiters and material lifts are used by so many different types of customers to move goods safely and efficiently, and we will be proud to sell the Matot line to both existing and new clients,” said
“After five generations of our family’s involvement in the dumbwaiter business, we consider Savaria to be ideal partners to carry on our family’s commitment to quality and customer service. Our decision to transition our family business to a focus on Industrial Dampers was not easy, but handing off our legacy to Savaria gives us great confidence that Matot will thrive under its new ownership, ensuring continued quality and growth for our valued customers and stakeholders,” said Anne and
To ensure a seamless transition for customers, Matot will continue to manufacture products on behalf of Savaria during an interim period as manufacturing activities are progressively transferred to Savaria’s
About
For further information: | ||
President and CEO 1. 800.661.5112 sb@savaria.com | Chief Financial Officer 1.800.661.5112, ext. 3370 sreitknecht@savaria.com |
www.savaria.com
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Source:
2024 GlobeNewswire, Inc., source