REG - Porvair PLC - Acquisition of Drache Umwelttechnik GmbH

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RNS Number : 4065O  Porvair PLC  12 January 2026

For immediate release
 
                        12 January 2026

 

 

Porvair plc

("Porvair" or the "Group")

 

Acquisition of Drache Umwelttechnik GmbH

Porvair, 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").

Founded 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.

The 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.

The 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 million for
two freehold operational sites in Diez, Germany. For the year ended December
2025, Drache's unaudited revenues are expected to be approximately €20
million. The Acquisition is expected to be earnings enhancing in the year
ending 30 November 2026 (after integration related costs). Drache employs
approximately 100 employees across Germany, the US and the UAE.

The Acquisition is expected to complete later today, following which the Group
will have a modest net cash position.

As previously communicated, Porvair will announce its results for the year
ended 30 November 2025 on Monday 9 February 2026.

Commenting on the Acquisition, Chief Executive Hooman Caman Javvi, said:

"I am delighted to welcome Drache and its employees to the Group. We have
known the business for many years, and it is a strong strategic fit with our
Metal Melt Quality division, bringing an extended geographical reach to the
division's existing businesses in the US and China; an enhanced product
portfolio in the growing global aluminium market; and additional manufacturing
flexibility. We look forward to realising the opportunities from an expanded
global offering and supporting Drache with its growth and success.

This Acquisition is consistent with our strategy to acquire complementary
businesses in attractive end-markets to underpin the Group's long-term growth
potential, and we look forward to updating the market further at the full year
results."

 

For further information, please contact:

 Porvair plc             +44 (0)1553 765 500
 Hooman Caman Javvi, Chief Executive Officer

 James Mills, Group Finance Director

 

 Burson Buchanan      +44 (0)207 466 5000
 Charles Ryland / Stephanie Whitmore

 

Notes to Editors

Porvair is a group of specialist filtration, laboratory and environmental
technology businesses. Its businesses design and manufacture a range of
bespoke consumable filtration products that are used in a range of niche
filtration markets. It operates in three divisions: Aerospace &
Industrial; Laboratory; and Metal Melt Quality.

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