Bunting Magnetics Europe buys UK magnet maker
The European manufacturing and sales arm of Bunting Magnetics Co. has purchased England-based magnetic products maker E-Magnets UK Ltd.
September 20, 2012 by Canadian Plastics
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.”