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UK magnet specialist seals attractive acquisition

United Kingdom – Berkhamsted-based Bunting Magnetics Europe Ltd, part of the Bunting Magnetics Company, has acquired E-Magnets UK Ltd. According to Bunting Magnetics’€™ owner and CEO Robert J. Bunting, this is a vital step in the company’€™s strategic growth plan, aimed at bolstering its market leadership. ‘€˜We are expanding our capabilities in today’€™s rapidly growing e-commerce environment,’€™ he says.

The CEO explains: ‘€˜E-Magnets UK significantly expands Bunting’€™s market presence in the UK and abroad, while at the same time significantly increases our on-line business presence which, until today, was done through our e-commerce sites magnetuk.com and buymagnets.com.’€™ He notes that E-Magnets UK has ‘€˜outstanding market recognition’€™ for its product range and is ‘€˜well known within the European Union’€™.

E-Magnets UK Ltd specialises in the direct and wholesale supply of magnetic products on a global scale via its website e-magnetsuk.com. Alistair Richardson, the man who founded the company in 2005, will continue to oversee its every-day operations, according to Bunting Magnetics.

For more information, visit: www.buntingmagnetics.com

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