Metalor Technologies Completes Acquisition of Gannon and Scott, Expands North American Refining

Metalor Technologies announced that, following approval by the relevant regulatory authorities, it completed its acquisition of U.S. precious‑metal refiner Gannon & Scott on March 1, 2026, datelined Cranston, RI, USA and Neuchâtel, Switzerland. The transaction makes Gannon & Scott a wholly owned subsidiary of Metalor and integrates the Cranston operations into the TANAKA group.

Legal counsel Akin advised Metalor Technologies on the cross‑border deal, with Akin’s New York, Washington, D.C. and Geneva offices supporting the transaction. The company provided a PDF of its announcement under the filename beginning 20260301_Metalor Technologies announced today that, following approval by the relevant regulatory authorities, it has completed the previously announced acquisition of Gannon & Scott.pdf. The deal’s financial terms and the names of any specific regulators were not disclosed in the materials supplied.

The corporate rationale is stated plainly in Metalor’s announcement: the completion of the transaction "brings together Gannon & Scott’s established leadership in precious metal refining and recovery across North America with Metalor Technologies’ global expertise in refining, advanced materials, and precious metal products." The release adds that the integration "strengthens vertical capabilities, expands sourcing and recycling channels, and enhances service offerings for customers worldwide," language echoed in industry coverage of the deal.

Trade reporting highlights a North American operational aim: the integration reinforces Metalor Technologies’ strategic position in North America, particularly in secondary refining and the responsible recycling of low‑grade materials such as electronic waste. That analysis frames the acquisition as an expansion of sourcing and recycling channels and as a deepening of Tanaka group commitments to sustainable sourcing and long‑term customer partnerships.

Operational continuity was emphasized for existing customers: coverage of the transaction notes that "Gannon & Scott’s leadership team, workforce, facilities, and day‑to‑day operations remain in place, ensuring continuity of service, security, and operational reliability for customers and partners." The Cranston dateline and those continuity assurances position Gannon & Scott’s U.S. footprint as a retained and active component of Metalor’s North American refining network.

Koichiro (Frank) Tanaka, Group CEO of TANAKA, commented via the group’s LinkedIn post, "We warmly welcome the collaboration between Gannon & Scott and Metalor. Their partnership will create new synergies within TANAKA, further strengthening our shared commitment to sustainable and responsible precious metal refining for customers and industries worldwide." That social post also directed readers to Metalor Technologies SA for the full announcement.

For historical context, Tanaka first made Metalor a wholly owned subsidiary in 2016; a July 12, 2016 Tanaka press release explained that earlier acquisition aimed to expand refining and recovery businesses into North America, Europe and Asia and highlighted Metalor product lines such as electrical contacts containing silver alloys and plating solutions and equipment. The 2016 excerpt includes a truncated remark from then‑Metalor CEO Philippe Royer to that effect.

The announcement leaves key transactional details undisclosed: no purchase price, no named regulatory bodies, no statements from Gannon & Scott executives, and no quantified integration timeline were provided. Still, with Gannon & Scott now formally part of Metalor and TANAKA as of March 1, 2026, the deal positions the group to scale North American secondary refining and the responsible recycling chain from electronics feedstock to reclaimed precious metals.