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Magnet Sales & Manufacturing history
Magnet Sales & Manufacturing company history timeline
1960 NMC relocates to 14,500 SF facility on 0.9 acres located in Newark, NJ.
1968 Founded by Roger Woodward with the help of Engineers from Ferroxcube, Inc. (Saugerties, NY), a subsidiary of North American Philips.
1981 started Data Storage Research Associates (DSRA) to develop market for MnZn ferrites for use in floppy disk recording heads.
October 1982 NMC purchases INDOX 1 (Ceramic 1) product line and associated tooling from EMM, Indiana General Division (Valparaiso, IN).
1984 Data Materials Corp. division and DSRA closed.
December 1986 NMC changes name to National Magnetics Group, Inc.
1986 acquired by SJR Corp., a private company headed by Samuel J. Reeder
1987 Purchased ferrite processing equipment from IBM (Rochester, MN).
Paul B. Oberbeck (Newark, NJ 1988)
1988 Acquired by Hilby-Yates, Inc. (Santa Clara, CA) (a mfg. of head related hardware).
June 1991 NMG relocates to newly built 38,000 SF facility on 5 acres located in Bethlehem, PA.
July 1993 NMG purchases soft ferrite extruded product line and associated equipment from Fair-Rite Products Corp. (Walkill, NY).
1997 former European division of Trans-Tech, Inc. (Marly, France) acquired and relocated to United States
February 1998 NMG acquires interest in Central Coast Ceramics, Inc. (Salinas, CA) a start-up mfg. of microwave magnetic and dielectric materials and components (founded by Amal Chaterjee, ex-Chief Engineer of Pacific Ceramics, Inc., formerly Ampex Corp., Sunnyvale, CA).
1998 Xtalonix renamed TRAK Ceramics, Inc. and ferrite operations from Tampa, FL consolidated into Hagerstown, MD plant.
September 1999 CCC changes name to 3C Microwave and relocates to a new 5,000 SF addition to NMG’s Bethlehem, PA plant.
SuperMagnetMan worked with its first magnet customer in 1999 and continues today to provide its expertise and knowledge to customers in almost every industry and application.
During the early 2000’s it was obvious that the company was starting to experience growth in the “custom magnet and magnetic assembly” business due to George’s ability to provide great solutions to tough magnetic problems.
January 2003 CMIT and CE are merged into NMG, consolidating resources and administration.
Expansion (Bethlehem, PA 2005)
February 2011 NMG installs 245.2 kW Photovoltaic System on roof.
Ceramic Powders, Inc.: Spray Dryer Install (Bethlehem, PA 2014)
January 2015 NMG acquires Ceramic Magnetics, Inc. (Fairfield, NJ), a mfg. of soft ferrite cores.
In January 2021 Tinicum L.P. acquired controlling interest in Robert Family Holdings LLC, the parent company of Dexter Magnetic Technologies.
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Magnet Sales & Manufacturing competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Electron Energy | 1970 | $15.0M | 100 | 11 |
| Arnold Magnetic Technologies | 1895 | $220.0M | 750 | 16 |
| Dexter Magnetic Technologies | 1951 | $39.5M | 100 | 5 |
| Master Magnetics | 1976 | $1.1M | 25 | - |
| McCrometer | 1955 | $8.5M | 180 | 5 |
| Moroso Performance Products | - | $38.0M | 100 | - |
Magnet Sales & Manufacturing history FAQs
Zippia gives an in-depth look into the details of Magnet Sales & Manufacturing, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Magnet Sales & Manufacturing. The employee data is based on information from people who have self-reported their past or current employments at Magnet Sales & Manufacturing. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Magnet Sales & Manufacturing. The data presented on this page does not represent the view of Magnet Sales & Manufacturing and its employees or that of Zippia.
Magnet Sales & Manufacturing may also be known as or be related to Magnet Sales & Manufacturing, Magnet Sales & Manufacturing Co Inc, Magnet Sales & Manufacturing Company, Inc. and Magnet Sales & Mfg. Co., Inc.