Savaria Acquires Matot Dumbwaiter and Material Lift Assets

Savaria Corp. announced it has acquired all the dumbwaiter and material lift assets of D.A. Matot, Inc. 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 Brampton, Ontario, facility. Founded in 1888, Matot has become a leading North American supplier of lifts used for the movement of goods in commercial and industrial applications. 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 in revenue with US$1.1 million in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). The Kelair dampers business is not part of this transaction and remains with the Matot family.