Bunting Magnetics Europe Limited, a manufacturing and sales operation center based in Berkhamsted, England for Bunting Magnetics Company, Newton, KS, USA, has announced the acquisition of E-Magnets UK Limited, located in Sheffield, England.
E-Magnets UK Ltd specializes in direct and wholesale supply of magnetic products throughout the UK and the world through its website e-magnetsuk.com. The company was founded in 2005 by Alistair Richardson, whom will continue to oversee the company’s everyday operations. The E-Magnets UK brand name has become synonymous with quality and is recognized as a highly respected and leading name within the various magnetic markets.
This acquisition by Bunting Magnetics Europe bolsters its market leadership and puts them one step closer to their strategic growth plan. “We are expanding our capabilities in today’s rapidly growing e-commerce environment,” says Robert Bunting, Bunting Magnetics owner and CEO. “E-Magnets UK significantly expands Bunting’s market presence in the UK and abroad, while at the same time significantly increases our online business presence which, until today, was done through our e-commerce sites magnetuk.com and buymagnets.com. E-Magnets UK has outstanding market recognition for their product assortment and is well known within the European Union.”