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Permag's 75th Anniversary: A Legacy of Engineering Excellence

In August 2026, Permag proudly commemorates its 75th anniversary, a remarkable milestone representing three-quarters of a century in innovation, engineering excellence, and global leadership in magnetic solutions. Founded with a vision to transform the industry, Permag has continuously evolved, establishing itself as a trusted partner in various high-stakes applications, including aerospace, defense, medical technologies, and semiconductors.

Over the years, Permag has garnered extensive experience in rare earth materials and precision magnetic assemblies, solidifying its reputation as one of the most reliable industrial partners. As the sole producer of Samarium-Cobalt magnets, the company leverages vertically integrated capabilities, which include intricate engineering design, precision manufacturing, and highly advanced magnetic assemblies that ensure compliance with stringent regulations.

A Collaborative Evolution

The celebration of 75 years also highlights the strategic integration of three respected industry leaders: Electron Energy Corporation (EEC), Magnetic Component Engineering (MCE), and Dexter Magnetic Technologies. By unifying these organizations under the Permag brand, the company has combined their unique strengths to create an unparalleled engineering experience and expanded manufacturing capabilities. This consolidation has also enhanced customer experience while preserving the specialized expertise that made each entity a leader in its domain.

Joe Stupel, CEO of Permag, stated, “Celebrating 75 years is a testament to the capabilities of our employees, the trust of our customers, and the solid foundation built by the companies that now form Permag. The merging of EEC, MCE, and Dexter has resulted in a stronger organization, able to offer complete magnetic solutions—from advanced rare earth materials to finished assemblies—for the world's most demanding applications.”

Investment in the Future

As technology continues to advance, Permag is making strategic investments to enhance its manufacturing capabilities, attract top engineering talent, and secure rare earth supply chains. This foresight positions the company to tackle emerging challenges in electrification, national security, medical innovation, and semiconductor manufacturing.

Permag serves clients in over 40 countries, delivering customized magnetic solutions that propel cutting-edge technologies across diverse sectors. Their extensive expertise in rare earth material sciences, combined with vertically integrated manufacturing and engineering support, enables customers to expedite product development, mitigate supply chain risks, and meet rigorous performance standards in heavily regulated industries.

A Global Reach with Local Support

With manufacturing and engineering resources in North America and Europe, Permag offers global resources with agile local support. Their worldwide presence facilitates close collaboration with customers while providing robust manufacturing and supply chain solutions for complex programs.

The company's emphasis on innovation and quality is evident in its commitment to resolving the most challenging issues faced by its clients. The legacy of Permag not only includes its historical achievements but also sets a dynamic path forward for future advancements in magnetic technologies.

For more information about Permag and their extensive product offerings, you can reach out to Gustavo Olano, Senior Director of Marketing at [email protected]