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Bunting Magnetics Europe Ltd Acquires E-Magnets UK Ltd

September 21, 2012

Bunting Magnetics Europe Ltd, a manufacturing and sales operation center based in Berkhamsted, England for Bunting Magnetics Co., has announced the acquisition of E-Magnets UK Ltd, 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 Web site www.e-magnetsuk.com. The company was founded in 2005 by Alistair Richardson, whom will continue to oversee the company’s everyday operations.

This acquisition by Bunting Magnetics Europe bolsters its market leadership and puts it one step closer to its 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 information on Bunting Magnetics Co., visit www.buntingmagnetics.com

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Bunting Magnetics Co.