Bunting® Magnetics Co., a leader in magnet and magnetic equipment design, manufacturing and distribution, has signed an agreement to acquire Global Magnetics, Inc. The Florida based company sells and distributes magnetic systems and mineral separation equipment designed and built by Master Magnets Ltd. throughout the U.S., Canada, Central America and South America.
In January 2017, Bunting Magnetics Co. acquired Master Magnets Ltd, a trusted brand of industrial magnetic separation equipment including eddy current separators, permanent and electro magnets, including overband magnets, drum magnets, magnetic head pulleys and suspension magnets sold through a worldwide network of distributors, including Global Magnetics, Inc.
The company’s growth in these markets will be led by new sales team member Rich Evangelista, business development manager, aggregate, mining & minerals. In his new role, Evangelista is responsible for growing the Master Magnets Ltd. line of equipment in these markets throughout the Americas.
Evangelista has more than 21 years of material handling and magnetic separation equipment sales experience. Most recently, he worked in sales and customer service at Wiese USA, a Wichita, Kansas-based material handling equipment provider. He will based at the company’s global headquarters in Newton, Kansas.
Terms of the acquisition of Global Magnetics, Inc. were not disclosed.
Published in the August 2017 Edition of American Recycler News