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Magnetation Overview

Smart Mineral Recovery
Founded in 2006, Magnetation is an established company that loves to hire graduates from Hibbing Community College, with 14.7% of its employees having attended Hibbing Community College. Magnetation has established itself as a great place to work in Minnesota, and it is number 2 on Zippia's list of Best Companies to Work for in Grand Rapids, MN.
Based in Minnesota, Magnetation is a small manufacturing company with only 180 employees.


Metals & Mining





Founded in



Grand Rapids, MN


Organization Type


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The Team At Magnetation

Key People
  • David Bednar (Director)
  • Matthew Lehtinen (Executive Officer, Director)
  • Jr. Thomas Hammerlund (Director)
  • Rodney Hunt (Promoter)
  • Hope Wilson (Executive Officer)
  • Sr. Thomas Hammerlund (Director)
  • Larry Lehtinen (Executive Officer, Director)
  • David Chappie (Executive Officer, Director)
  • Alan Fritz (Director)

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Magnetation Rankings

Magnetation is ranked #71 on the Best Manufacturing Companies to Work For in Minnesota list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

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Magnetation Careers

On average, employees at Magnetation stay with the company for 2.2 years. Employees most commonly join Magnetation after leaving Wabash National. When they leave Magnetation, they most frequently get their next job at Industrial Lubricant.

Average Length of Employment

2.5 years
2.2 years

Top Employers Before Magnetation

5.1 %

Top Employers After Magnetation

Magnetation Employee Demographics

Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

Magnetation Employees Education

Of the 180 employees at Magnetation, 14.7% attended Hibbing Community College. Employees at Magnetation most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

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Magnetation Financial Performance

Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.



Founded in


Organization type


Magnetation Financing Rounds

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Magnetation Competitors

Average Salarydesc
Salary Range53k - 90k$70k$69,652
Salary Range48k - 81k$62k$62,490

Crucible Industries

Salary Range39k - 77k$55k$55,093

Koppel Steel

Salary Range39k - 74k$55k$54,630
Salary Range41k - 71k$55k$54,604
Searles Valley Minerals
Salary Range40k - 69k$53k$52,971
Phelps Dodge International
Salary Range39k - 71k$53k$52,846


Salary Range36k - 73k$52k$51,773

Heavy Machines

Salary Range36k - 71k$51k$51,321
Omega Protein
Salary Range34k - 71k$50k$49,547

Frequently Asked Questions about Magnetation

When was Magnetation founded?

Magnetation was founded in 2006.

How many Employees does Magnetation have?

Magnetation has 180 employees.

What industry is Magnetation in?

Magnetation is in the metals & mining industry.

What type of company is Magnetation?

Magnetation is a private company.

Who are Magnetation's competitors?

Magnetation competitors include Birdsong, Doe Run Company, Heavy Machines, Catalyst, NORANDA ALUMINUM HLDGS, MissChem Nitrogen, ALUMINUM SHAPES, Searles Valley Minerals, RG Steel Warren, US Magnesium, Koppel Steel, Crucible Industries, Clemens Food Group, Thompson Industrial Services, Freeport-McMoRan, MPW Industrial Services, Water Management Services, Phelps Dodge International, Omega Protein, Pyco Industries Inc, Molycorp.

Who works at Magnetation?

David Bednar (Director)

Matthew Lehtinen (Executive Officer, Director)

Jr. Thomas Hammerlund (Director)

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Where is Magnetation's headquarters?

Magnetation's headquarters is in Grand Rapids, MN.

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Updated December 31, 2020

Zippia gives an in-depth look into the details of Magnetation, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Magnetation. The employee data is based on information from people who have self-reported their past or current employments at Magnetation. 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. The data presented on this page does not represent the view of Magnetation and its employees or that of Zippia.

Magnetation may also be known as or be related to MAGNETATION INC, Magnetation, Magnetation Inc. and Magnetation, Inc.