Bunting acquires Magnet Applications Group
Bunting Magnetics Company, Newton, KS, USA, has acquired Magnet Applications Group Ltd. (MAGL). MAGL was founded in 1955 and currently has manufacturing operations in Berkhamsted, England, and Dubois, PA, USA. MAGL manufactures and distributes a variety of technical bonded magnets, precision magnetic assemblies and complementary magnet products.
“This acquisition represents a strategic combination that significantly expands Bunting’s product and market scope,” says Robert J. Bunting, president of Bunting Magnetics. “MAGL has outstanding market recognition as a premier manufacturer of bonded NdFeB magnets and technical assemblies. We are pleased that all of MAGL’s experienced management team will continue on with the business and we are confident that our newly combined enterprise will maintain the highest performance level serving our valued customers.”
Since 1959, Bunting has served manufacturers of plastic components, metal products, printing labels, food products, automobiles and electronic equipment.