Bunting Magnetics Acquires Master Magnets
This deal strengthens their global manufacturing capabilities and opens new markets for sales.
Posted: January 5, 2017
"We're thrilled to add them to our family of companies. We value their longstanding success and are committed to sharing engineering and manufacturing strengths while providing their employees the resources they need to build on this success."
“Master Magnets has deep customer relationships in new markets for us such as mining, quarrying and aggregate. It’s exciting to combine our strengths and expertise. Together, we have nearly 100 years of experience in magnetic separation.”
Bunting® Magnetics Co. (Newton, KS), a leader in magnet and magnetic equipment design, manufacturing and distribution, has announced they have signed an agreement to acquire Master Magnets Ltd. (Redditch, UK), a manufacturer of magnetic separation equipment that provides a complete line of magnetic separation, recycling and metal detection equipment to several industries worldwide through a global network of distributors. Through broadened customer reach, new manufacturing capabilities and the opportunity to sell into new markets, this acquisition will build on and complement Bunting’s global business foundation that is already in place.
“We’re thrilled to add them to our family of companies,” commented Bob Bunting, the president and chief executive officer of Bunting. “We value their longstanding success and are committed to sharing engineering and manufacturing strengths while providing their employees with the resources they need to build on this success. Plus, they perfectly complement us in terms of innovation, quality, products and providing magnetic solutions through individual components and complete systems. Joining forces decisively extends our status as a leading global supplier of magnetic equipment and is a significant milestone in our history.”
“Master Magnets has deep customer relationships in new markets for us, such as mining, quarrying and aggregate,” added Simon Ayling, the managing director of Bunting Magnetics Europe, who will assume operations management responsibility of this new division. “We are especially excited to now be able to offer a large line of ATEX approved electromagnets and mineral separation equipment, as well as their being a recognized, trusted brand in magnetic separation that has remarkable products created by remarkable people. It’s exciting to combine our strengths and expertise. Together, we have nearly 100 years of experience in magnetic separation.”
“This acquisition is excellent news for our team, who are joining a company with international standing and a shared vision for growth,” noted Adrian Coleman, the general manager of Master Magnets. “We will continue to focus on ensuring that our UK operations perform seamlessly for our customers, who will also benefit from this new partnership. We’re excited for this new future that awaits us as part of the Bunting family.” Master Magnets was founded in 1978 and currently has 26 employees that will continue to operate out of their Redditch headquarters.
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