Bunting® Magnetics Europe Limited Announces Acquisition of E-Magnets UK Limited
Bunting Magnetics Company
500 S. Spencer Ave., P.O. Box 468
Newton, KS, 67114 0468
Press release date: September 21, 2012
BERKHAMSTED, England and NEWTON, Kansas - Bunting® Magnetics Europe Limited, a manufacturing and sales operation center based in Berkhamsted, England for Bunting Magnetics Company, 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 their 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," said Robert J. Bunting, Bunting Magnetics owner and Chief Executive Officer. "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."
For more than 50 years, Bunting Magnetics Co. has developed and manufactured precision magnetic products for the worldwide printing, automobile, plastics, food, electronics and recycling industries. The company's product lines serve global markets and include a broad range of magnetic materials and components, magnetic separation systems, material handling equipment, magnetic printing cylinders, flexible dies, metal detection equipment, bonded magnets and assemblies. Bunting® has manufacturing facilities in Newton, Kansas; Elk Grove Village, Illinois; DuBois, Pennsylvania and Berkhamsted, England.
For more information on Bunting® Magnetics Co., call +1-800-835-2526 (in U.S. & Canada) or +44 (0) 1442 291702 in Europe or visit our web site at www.buntingmagnetics.com