Savaria acquires dumbwaiter, material lift assets of D.A. Matot

Savaria Corporation has acquired all the dumbwaiter and material lift assets of D.A. Matot. 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 $6.3 million in revenue with $1.1 million in EBITDA. 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 facility. The Kelair dampers business is not part of this transaction and remains with the Matot family.