Business
Acquisition of Drache Umwelttechnik GmbH
Porvair plc has announced the acquisition of 100% of the share capital of Drache Umwelttechnik GmbH for €20.5 million, a cash-free, debt-free transaction funded by existing reserves and facilities. Drache, a German-based filter manufacturer for the molten metal industry, is expected to generate approximately €20 million in unaudited revenues for the year ended December 2025 and will join Porvair's Metal Melt Quality division, enhancing its global reach and product offering in the growing aluminium market. The acquisition, which includes two freehold operational sites valued at €4 million, is anticipated to be earnings enhancing in the year ending November 2026 and is expected to complete shortly, leaving Porvair with a modest net cash position. Disclaimer*
About this update from Porvair Plc
[{"type":"text","content":"\n\nFor immediate release 12 January 2026\n \n \n\nPorvair plc\n(\"Porvair\" or the \"Group\")\n \nAcquisition of Drache Umwelttechnik GmbH\nPorvair, the specialist filtration, laboratory and environmental technology group, today announces that it has agreed to acquire 100% of the share capital of Drache Umwelttechnik GmbH (\"Drache\" or the \"Acquisition\").\nFounded in 1984 and headquartered in Diez, Germany, Drache is active in the development, manufacture, and distribution of filters, consumables, and equipment for the molten metal industry, and is a leading supplier to the aluminium filtration market. Under its existing management team, Drache will join the Group's Metal Melt Quality division, bringing complementary products and engineering experience, while expanding the division's global reach with a new European base alongside its American and Asian operations.\nThe Metal Melt Quality division operates in attractive end markets, including growing global demand for aluminium filtration. This global growth trend is underpinned by the infinite recyclability of aluminium; its strength-to-weight benefits for use in transportation; the replacement of plastic and steel with aluminium; and the energy efficiency of cast house recycling compared with primary production. Drache will further strengthen the Group's aluminium offering, and follows the previously announced £5.5 million investment to update and expand the cast house capabilities in Hendersonville, US, a project which is progressing to plan and remains on track to complete in H1 2026.\nThe cash consideration for Drache is €20.5 million, on a cash free, debt free basis and will be funded from the Group's existing cash reserves and banking facilities. The consideration includes approximately €4 m...