Bunting Magnetics Co., Newton, KS, at the beginning of January announced that it had signed an agreement to acquire Master Magnets Ltd, the UK manufacturer of magnetic separation equipment. Simon Ayling, managing director of Bunting Magnetics Europe based in Berkhamsted, UK, will assume operations management responsibility for the new division, which will continue to operate from its Redditch headquarters. Terms of the deal were not disclosed.

 

Master Magnets was founded in 1978 and currently has 26 employees. The company designs, manufacturers and services a broad range of industrial magnetic separation equipment such as eddy current separators, permanent and electro magnets, including overband magnets, drum magnets and suspension magnets. The company also supplies a variety of mineral separation equipment to customers throughout the world. General manager Adrian Coleman 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”. www.buntingeurope.com; www.mastermagnets.com 

 

 

Adrian Coleman (left) and Simon Ayling in front of the Master Magnets Redditch manufacturing facility