Newton, Kansas-based Bunting Magnetics Co. has announced it has signed an agreement to acquire Global Magnetics Inc. The Boca Raton,
In January 2017, Bunting Magnetics acquired Master Magnets, a brand of industrial magnetic separation equipment, such as eddy current separators, permanent and electromagnets, including
“Global Magnetics has a strong customer base and growth strategy in place to accelerate our footprint in the mining, minerals, quarry and aggregate industries with the world’s most innovative and quality processing and recycling equipment,” says Bob Bunting,
The company’s growth in these markets will be led by new sales team member Rich Evangelista, business development manager, aggregate,
“Rich has extensive knowledge and background in industrial equipment sales and service. As we strive to grow these markets, we look to his sales expertise and vast material handling knowledge to elevate our brands even higher,” says Rod Henricks, director of sales. “These industries are a significant focus for us and we are confident that Rich’s experience makes him perfect for this critical position. We’re delighted to welcome him to the team.”
Evangelista has more than 21 years of material handling and magnetic separation equipment sales experience. He recently worked in sales and customer service at Weise USA, a Wichita, Kansas-based material handling equipment provider. He will
Global Magnetics President Marshall Gralnick will assist in the transition in a consulting capacity.
Terms of the acquisition of Global Magnetics Inc. were not disclosed.
Bunting Magnetics is a leader in magnet and magnetic equipment design, manufacturing and distribution.