Bunting Magnetics Co., Newton, Kan., signed an agreement to acquire Master Magnets Ltd., a UK-based manufacturer 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’ global foundation 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,” says Bob Bunting, president and CEO, Bunting Magnetics. “We value the long-standing 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.”
Simon Ayling, managing director of Bunting Magnetics Europe, will assume operations management responsibility of this new division.
“Master Magnets Ltd. has deep customer relationships in new markets for us such as mining, quarrying and aggregate,” he adds. “We are especially excited to now be able offer a large line of ATEX-approved electromagnets and mineral separation equipment, as well as the company being a recognized, trusted brand in magnetic separation, which 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.”
Master Magnets designs, manufacturers 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 and supplies a full range of mineral separation equipment for customers worldwide. The company will continue to operate out of its Redditch, UK, headquarters.
“This acquisition is excellent news for the Master Magnets team, who are joining a company with international standing and a shared vision for growth,” says Adrian Coleman, general manager, Master Magnets. “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.”