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Permag: A 75-Year Journey of Innovation and Excellence

Permag, a name synonymous with high-performance magnetic solutions, proudly celebrates its 75th anniversary this year. This milestone not only marks three-quarters of a century of cutting-edge innovation but also stands as a testament to the unwavering excellence and leadership that the company has demonstrated in the magnetic solutions industry. Founded in the small town of Elk Grove Village, Illinois, Permag has evolved significantly, carving a niche in the competitive landscape of magnetic technology and redefining what it means to be a global leader in this field.

Legacy of Innovation

With decades of expertise in rare earth materials and precision magnetic assemblies, Permag has established itself as a trusted partner for critical application development. As the only producer of samarium-cobalt (SmCo) magnets in the United States, the company boasts vertically integrated capabilities, encompassing complex system design, precision engineering, and advanced magnetic assembly manufacturing. This has allowed Permag to serve clients across various demanding sectors, including aerospace, defense, medical, and semiconductors.

The company's ascent to prominence is illustrated by its strategic integration of three industry leaders—Electron Energy Corporation (EEC), Magnetic Component Engineering (MCE), and Dexter Magnetic Technologies—under the Permag brand. This consolidation has endowed Permag with unparalleled technical expertise and expanded manufacturing capabilities while ensuring a seamless customer experience. The legacy of these predecessor companies enriches Permag's offerings, solidifying its reputation as a reliable solution provider.

A Stronger Future

Joe Stupel, CEO of Permag, underscores the significance of this anniversary, highlighting the ingenuity of the team and the trust clients place in them. "Celebrating our 75 years demonstrates the ingenuity of our employees and the solid foundations laid by the companies that now form Permag," he remarks. This integration resulted in a robust organization capable of delivering comprehensive magnetic solutions, from advanced rare-earth materials to finished assemblies for the world's most demanding applications.

With an eye toward the future, Permag remains committed to investing in innovation, expanding its capacities, and assisting clients in navigating increasingly complex technical challenges. Their deep expertise in materials science, coupled with integrated manufacturing capabilities and strong engineering support, empowers clients to accelerate product development while mitigating supply chain risks and meeting stringent performance mandates within heavily regulated industries.

Global Reach and Localized Support

Permag's manufacturing, engineering, and technical support capabilities span North America and Europe, providing global resources alongside responsive local support. This international presence enhances collaboration with clients, offering resilient supply chain and manufacturing solutions for complex programs. Currently, Permag serves customers in over 40 countries, providing customized magnetic solutions that contribute to the development of next-generation technologies.

Positioned for Growth

As demand for advanced magnetic technologies surges, Permag is strategically investing in production capabilities, engineering skills, and securing rare earth supply chains to support clients for decades to come. The company’s leadership in high-performance permanent magnets and precision-engineered assemblies positions it to meet evolving challenges in electrification, national security, medical innovation, and semiconductor manufacturing.

About Permag

Permag stands as a global leader in high-performance magnetic solutions, delivering advanced materials, precision components, and cutting-edge magnetic assemblies to industries where performance is paramount. Building on the legacy of Dexter, MCE, and EEC, the Permag group is committed to fostering innovation, delivering superior quality, and tackling the most complex challenges faced by its clients today.

For further details, contact:
Gustavo Olano
Principal Marketing Director
Permag
(978) 201-6910
Email