M&A Deal Summary

PyroGenesis Canada Acquires Drosrite

On July 8, 2024, PyroGenesis Canada acquired manufacturer Drosrite for 1M CAD

Acquisition Highlights
  • This is PyroGenesis Canada’s 1st transaction in the Manufacturing sector.
  • This is PyroGenesis Canada’s 2nd largest (disclosed) transaction.
  • This is PyroGenesis Canada’s 1st transaction in the United States.
  • This is PyroGenesis Canada’s 1st transaction in New York.

M&A Deal Summary
Date 2024-07-08
Target Drosrite
Sector Manufacturing
Buyer(s) PyroGenesis Canada
Deal Type Add-on Acquisition
Deal Value 1M CAD

Target

Drosrite

Mahwah, New York, United States
Drosrite provides state-of-the-art waste management technologies to the aluminum industry. Drosrite is headquartered in Mahwah, New York.

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Buyer(S) 1

Buyer

PyroGenesis Canada

Montreal, Quebec, Canada
Category Company
Founded 1991
Sector Chemicals
Employees120
Revenue 19M USD (2022)
DESCRIPTION

PyroGenesis Canada designs, develops, manufactures, and commercializes plasma atomized metal powder, environmentally friendly plasma waste-to-energy systems, and clean plasma torch products. PyroGenesis Canada was founded in 1991 and is based in Montreal, Quebec.

DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-27 AirScience

Montreal, Quebec, Canada

AirScience is a North American company based in Montreal that designs and builds Biogas Upgrading Systems and Equipment for biodigesters and landfill gas applications. AirScience was founded in 1993 and is based in Montreal, Quebec.

Buy CA$5M
Mergr

Product

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