Master Magnets designs, manufacturers and services a complete line of industrial magnetic separation equipment.
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.”