Three Industry Leaders Unite to Form Permag: A New Era in Magnetic Solutions
In a significant development in the field of rare-earth magnets, three industry leaders—Dexter Magnetic Technologies (DMT), Magnetic Component Engineering (MCE), and Electron Energy Corporation (EEC)—have come together to form a new entity known as Permag. This strategic merger under the parent company Magnetic Holdings, LLC, marks a new chapter aimed at elevating their collective capabilities in delivering high-performance magnetic solutions.
The newly christened Permag signifies not just a change in name but a transformative evolution focused on harnessing the unique strengths of each contributing company. Both MCE and EEC will continue to operate under their established brands while leveraging enhanced synergies to offer clients superior value and innovative solutions in the marketplace.
With this collaboration, Permag aims to position itself as a leading global provider in the sourcing, designing, and manufacturing of rare-earth magnets. The exceptional combined expertise from all three enterprises provides an unparalleled foundation, featuring integrated benefits in engineering and manufacturing services tailored for diverse sectors such as aerospace, defense, medical, and semiconductor industries.
The Three Pillars Behind Permag
1. Dexter Magnetic Technologies (DMT): Recognized for its precision engineering and complex assembly capabilities, DMT is at the forefront of research and development.
2. Electron Energy Corporation (EEC): As the only North American producer of samarium-cobalt magnets (SmCo), EEC brings proven expertise in material sciences to the table.
3. Magnetic Component Engineering (MCE): Known for its advanced machining and manufacturing processes, MCE adds significant value to the operational framework of Permag.
Joe Stupfel, the President and CEO of Permag, elucidates the vision driving this collaboration: "Our strategic initiative is to create an organization equipped with unmatched capabilities for delivering magnetic products along with associated services—right from raw material acquisition to complex assembly completion. The Permag brand positions us as the unassailable leader in rare-earth magnetic technologies."
The name Permag reflects the company's rich legacy, initially adopted by Dexter Magnetic Technologies back in the 1950s, which underscores their longstanding commitment to innovation in the industrial magnet sector. Over the past 177 years, the trio of companies has consistently been at the cutting edge of magnetism, providing precise technical solutions to critical vertical markets. This rebranding to Permag represents a natural progression, better aligning the enterprise’s expertise, capacities, and resources to meet client needs through innovative advances, streamlined operations, and enhanced support worldwide.
Although the name may have changed, Permag remains committed to its core mission:
About Permag
Permag stands as a global leader in high-performance magnetic solutions, manufacturing advanced magnets and assemblies for industries where performance is critical. With its deep-rooted heritage shaped by DMT, EEC, and MCE, Permag is committed to driving innovation while tackling its clients’ complex challenges head-on. For further information, visit www.permag.com or contact Gustavo Olano, Senior Marketing Director at Permag, at (978) 201-6910 or [email protected]
The newly christened Permag signifies not just a change in name but a transformative evolution focused on harnessing the unique strengths of each contributing company. Both MCE and EEC will continue to operate under their established brands while leveraging enhanced synergies to offer clients superior value and innovative solutions in the marketplace.
With this collaboration, Permag aims to position itself as a leading global provider in the sourcing, designing, and manufacturing of rare-earth magnets. The exceptional combined expertise from all three enterprises provides an unparalleled foundation, featuring integrated benefits in engineering and manufacturing services tailored for diverse sectors such as aerospace, defense, medical, and semiconductor industries.
The Three Pillars Behind Permag
1. Dexter Magnetic Technologies (DMT): Recognized for its precision engineering and complex assembly capabilities, DMT is at the forefront of research and development.
2. Electron Energy Corporation (EEC): As the only North American producer of samarium-cobalt magnets (SmCo), EEC brings proven expertise in material sciences to the table.
3. Magnetic Component Engineering (MCE): Known for its advanced machining and manufacturing processes, MCE adds significant value to the operational framework of Permag.
Joe Stupfel, the President and CEO of Permag, elucidates the vision driving this collaboration: "Our strategic initiative is to create an organization equipped with unmatched capabilities for delivering magnetic products along with associated services—right from raw material acquisition to complex assembly completion. The Permag brand positions us as the unassailable leader in rare-earth magnetic technologies."
The name Permag reflects the company's rich legacy, initially adopted by Dexter Magnetic Technologies back in the 1950s, which underscores their longstanding commitment to innovation in the industrial magnet sector. Over the past 177 years, the trio of companies has consistently been at the cutting edge of magnetism, providing precise technical solutions to critical vertical markets. This rebranding to Permag represents a natural progression, better aligning the enterprise’s expertise, capacities, and resources to meet client needs through innovative advances, streamlined operations, and enhanced support worldwide.
Although the name may have changed, Permag remains committed to its core mission:
- - To provide world-class technical expertise backed by decades of experience in designing tailored magnetic solutions.
- - To deliver superior quality magnetic materials and assemblies—from rare-earth magnetic components to intricate magnetic assemblies—supporting advanced technologies crucial for various global enterprises.
- - To continue leading R&D and innovation, demonstrating an unmatched ability to collaborate with clients for creating customer-specific solutions, alongside independently developing innovations that propel the industrial magnet sector forward.
- - To carry forward a legacy of excellence, committed to quality, reliability, and performance that has defined Dexter Magnetic Technologies, Electron Energy Corporation, and MCE Products.
About Permag
Permag stands as a global leader in high-performance magnetic solutions, manufacturing advanced magnets and assemblies for industries where performance is critical. With its deep-rooted heritage shaped by DMT, EEC, and MCE, Permag is committed to driving innovation while tackling its clients’ complex challenges head-on. For further information, visit www.permag.com or contact Gustavo Olano, Senior Marketing Director at Permag, at (978) 201-6910 or [email protected]
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