Bunting Magnetics Europe buys UK magnet maker
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The European manufacturing and sales arm of Bunting Magnetics Co. has purchased England-based magnetic products maker E-Magnets UK Ltd.
The terms of the deal have not been announced.
Bunting Magnetics Europe Limited is headquartered in Berkhamsted, England.
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, who will continue to oversee the company’s everyday operations.
“We are expanding our capabilities in today’s rapidly growing e-commerce environment,” said Robert J. Bunting, the owner and CEO of Newton, Kan.-based Bunting Magnetics. “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.”