UK: Bunting Magnetics, a US company specialising in the magnet and magnetic equipment sector, has signed an agreement to acquire Master Magnets, a UK-based manufacturer of magnetic separation equipment. The Redditch-based firm produces magnetic separation, recycling and metal detection equipment to several industries worldwide including the mining, quarrying and aggregate sectors. No value or terms for the deal has been disclosed.

“Master Magnets has deep customer relationships in new markets for us such as mining, quarrying and aggregates. We are especially excited to now be able to offer a large range of ATEX approved electromagnets and mineral separation equipment,” said Simon Ayling, Managing Director of Bunting Magnetics Europe. Ayling will assume operations management responsibility of this new division following the purchase.

Master Magnets was founded in 1978 and currently has 26 employees. The company designs, manufacturers and services a line of industrial magnetic separation equipment including eddy current separators, permanent and electro magnets, including overband magnets, drum magnets and suspension magnets. The company also supplies a range of mineral separation equipment for customers around the world. The company will continue to operate out of its Redditch headquarters in the UK.