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Swiss Refiner Completes Acquisition of Gannon & Scott
The American precious metals refiner’s day-to-day operations remain the same post-acquisition.
Metalor Technologies has finalized its acquisition of Gannon & Scott. Employees of both companies are seen here, with soccer balls signed by both “teams” to celebrate their new partnership.
Cranston, R.I.—Metalor Technologies has finalized its acquisition of fellow precious metals refiner Gannon & Scott.
First announced in October 2025, the Neuchâtel, Switzerland-based company has received regulatory approval to acquire Gannon & Scott for an undisclosed amount.
The company is now a wholly owned subsidiary of Metalor Technologies and part of the Tanaka Group, a Japan-based precious metals specialist founded in 1885. Metalor, founded in 1852, has operations in Europe, Asia, and the Americas.
Gannon & Scott’s leadership team, workforce, facilities, and day-to-day operations will remain the same, the companies said in a joint press release.
Founded in 1919, Gannon & Scott provides precious metal refining, thermal processing, and secure materials recovery services to businesses across North America.
It has operations in Cranston, Rhode Island, and Phoenix, Arizona, serving various sectors, including jewelry, electronics, plating, aerospace, and certified destruction.
The completion of the transaction combines Gannon & Scott’s leadership in precious metal refining and recovery across North America with Metalor’s global expertise in refining, advanced materials, and precious metal products, the companies said.
The acquisition also strengthens Metalor’s strategic position in North America, said the companies, notably in secondary refining and the responsible recycling of low-grade materials such as electronic waste.
The deal also reinforces parent company Tanaka Group’s commitment to sustainable sourcing, operational excellence, and long-term customer partnerships, the companies said.
Related stories will be right here …
First announced in October 2025, the Neuchâtel, Switzerland-based company has received regulatory approval to acquire Gannon & Scott for an undisclosed amount.
The company is now a wholly owned subsidiary of Metalor Technologies and part of the Tanaka Group, a Japan-based precious metals specialist founded in 1885. Metalor, founded in 1852, has operations in Europe, Asia, and the Americas.
Gannon & Scott’s leadership team, workforce, facilities, and day-to-day operations will remain the same, the companies said in a joint press release.
Founded in 1919, Gannon & Scott provides precious metal refining, thermal processing, and secure materials recovery services to businesses across North America.
It has operations in Cranston, Rhode Island, and Phoenix, Arizona, serving various sectors, including jewelry, electronics, plating, aerospace, and certified destruction.
The completion of the transaction combines Gannon & Scott’s leadership in precious metal refining and recovery across North America with Metalor’s global expertise in refining, advanced materials, and precious metal products, the companies said.
The acquisition also strengthens Metalor’s strategic position in North America, said the companies, notably in secondary refining and the responsible recycling of low-grade materials such as electronic waste.
The deal also reinforces parent company Tanaka Group’s commitment to sustainable sourcing, operational excellence, and long-term customer partnerships, the companies said.
The integration will bolster vertical capabilities, expand sourcing and recycling channels, and enhance service offerings for customers.
With the deal finalized, Gannon & Scott customers will have access to expanded refining capabilities across all precious metals, including gold, silver, platinum, palladium, rhodium, iridium, and ruthenium, via global sourcing and recycling channels.
Customers can also access high-purity precious metals, technical products, compounds, and chemicals.
In addition, Metalor’s international labs and its research and development network offer advanced technology and analytical services.
Having a global refining infrastructure will also enable more agile service to international operations, said the companies.
Gannon & Scott customers can find more details on its website.
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