Metalor Technologies Completes Acquisition of Gannon & Scott, Boosts U.S. Refining Capacity

Metalor Technologies announced that, following regulatory approval, it completed the previously announced acquisition of Gannon & Scott on March 1, 2026, making Gannon & Scott a wholly owned subsidiary of Metalor and part of the TANAKA group. The deal, announced from Cranston, Rhode Island and Neuchâtel, Switzerland, is presented as a strategic lift to Metalor’s North American refining and recycling footprint.

Gannon & Scott, established in 1919, operates facilities in Cranston, Rhode Island, and Phoenix, Arizona, and processes feedstocks including electronic scrap and jewelry scrap. The company’s public profile describes it as “renowned for ‘doing it right,’ providing timely, transparent returns and value for its electronics, industrial, and jewelry customers.” Company materials and industry posts emphasize thermal reduction and the processing of low‑grade metals with a focus on e‑waste.

Metalor, part of the TANAKA group and headquartered in Neuchâtel, positions itself as a global leader in precious‑metal refining and recovery, with international laboratories and an R&D network that supply high‑purity metals, technical products, compounds, and chemicals. Metalor’s LinkedIn post stated, “Founded over a century ago, Gannon & Scott has built exceptional expertise in thermal reduction and the processing of low‑grade metals, with a strong focus on electronic waste (e‑waste). This strategic acquisition will strengthen our operations in the Americas and significantly expand our recycling capacity.” The Metalor page recorded 14,867 followers and showed engagement on the announcement.

Gannon & Scott’s CEO Joe Peixoto framed the transaction as growth for a century‑old firm, saying, “Since 1919, Gannon & Scott has consistently grown. Becoming part of Metalor Technologies provides a tremendous opportunity to accelerate that growth.” Industry coverage and Metalor materials highlight synergies around secondary refining and expanded service offerings across precious metals including gold, silver, platinum, palladium, rhodium, iridium, and ruthenium.

Operational continuity is emphasized in post‑acquisition briefings: “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.” That continuity covers the Cranston and Phoenix sites that serve electronics, industrial, and jewelry clients as well as corporate and government accounts.

Financial terms of the transaction remain undisclosed; a corporate M&A record lists an October 29, 2025 entry for the acquisition while Metalor’s press materials show March 1, 2026 as the completion dateline. No source in the current materials provides tonnage, throughput, percentage increases in capacity, employee counts, or concrete environmental performance metrics tied to the claimed expansion.

For jewelers and buyers tracking provenance and secondary sourcing, the practical questions now are measurable: how much refining capacity was added, how e‑waste streams will be audited, and what environmental controls will be enforced at Cranston and Phoenix. Metalor and Gannon & Scott have announced strategic intent and operational continuity; delivering quantified capacity figures, environmental compliance data, and integration timelines will determine whether the purchase delivers verifiable sustainability and supply‑chain value for the jewelry market.