Bunting Magnetics Co. expands global operations

Newton, Kansas – Magnet and magnetic equipment design, manufacturing, and distribution firm Bunting Magnetics Co. has agreed to acquire Master Magnets Ltd., a UK-based manufacturer of magnetic separation equipment. Based in Redditch, United Kingdom, Master Magnets Ltd. provides a complete line of magnetic separation, recycling, and metal detection equipment to several industries worldwide through a worldwide network of distributors. The acquisition will build on and complement Bunting Magnetics Co.’s global foundation already in place through broadened customer reach, new manufacturing capabilities, and the opportunity to sell into new markets.

“We’re thrilled to add Master Magnets Ltd to our family of companies,” commented Bob Bunting, President & CEO, Bunting Magnetics Co. “We value the longstanding success of Master Magnets Ltd and are committed to sharing engineering and manufacturing strengths while providing their employees the resources they need to build on this success.” 

“Plus, Master Magnets Ltd. perfectly complements Bunting Magnetics in terms of innovation, quality, products, and providing magnetic solutions through individual components and complete systems. Joining forces decisively extends Bunting’s status as a leading global supplier of magnetic equipment and is a significant milestone in the company’s history,” he added.

Simon Ayling, managing director of Bunting Magnetics Europe, who will assume operations management responsibility of this new division, said, “It’s exciting to combine our strengths and expertise. Together, we have nearly 100 years of experience in magnetic separation.”

Master Magnets Ltd. was founded in 1978 and currently has 26 employees. The company designs, manufactures, and services a complete line of industrial magnetic separation equipment including eddy current separators, permanent and electro magnets, including Overband Magnets, Drum Magnets and Suspension Magnets. The company also supplies a full range of mineral separation equipment for customers all around the world. The company will continue to operate out of its Redditch, UK headquarters. 

Adrian Coleman, general manager, Master Magnets Ltd., said, “This acquisition is excellent news for the Master Magnets team, who are joining a company with international standing and a shared vision for growth. We will continue to focus on ensuring 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 Master Magnets as part of the Bunting family.”

Terms of the deal are not disclosed.

Bunting Magnetics facilities are located in Newton, Kansas; suburban Chicago, Illinois; DuBois, Pennsylvania; Berkhamsted, England, and Redditch England.

Source: Bunting Magnetics Co.