Based in Redditch, Master Magnets provides magnetic separation, recycling and metal detection equipment to several industries worldwide.
"The acquisition will build on and complement Bunting Magnetics’s global foundation already in place through broadened customer reach, new manufacturing capabilities and the opportunity to sell into new markets," said Simon Ayling, MD of Bunting Magnetics Europe who will assume operations management responsibility of the new division.
“Master Magnets has deep customer relationships in new markets for us such as mining, quarrying and aggregate. We are especially excited to now be able offer a large range of ATEX approved electromagnets and mineral separation equipment, as well as the company being a recognised, trusted brand in magnetic separation which has remarkable products created by remarkable people. Together, we have nearly 100 years of experience in magnetic separation,” added Ayling.
Founded in 1978 Master Magnets currently has 26 employees. The company designs, manufacturers and services 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 range of mineral separation equipment for customers all around the world. The company is expected to continue to operate out of its Redditch, UK headquarters.
Adrian Coleman, general manager, Master Magnets, 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.”