New Name, New Vision: The Birth of Permag
In an exciting development in the field of high-performance magnetic solutions, three industry leaders are joining forces under a new name: Permag. This newly branded entity emerges from the parent company of Dexter Magnetic Technologies (DMT), Magnetic Component Engineering (MCE), and Electron Energy Corporation (EEC)—now known as Magnetic Holdings, LLC. The rebranding as Permag signifies a strategic shift and the evolution of these companies, each renowned for their contributions to the magnetic technology landscape.
A Seamless Collaboration for Industry Leadership
As Permag, these three companies aim to enhance collaboration and drive innovation in the rare earth magnet sector. By combining their unique strengths, they are poised to lead the industry in procuring, designing, and manufacturing innovative magnetic solutions. Their collective expertise will cater to a diverse range of markets, including aerospace, defense, medical, and semiconductor industries.
Distinct Expertise from Each Company
The collaboration brings together the specialized capabilities of each company:
- Dexter Magnetic Technologies (DMT) – Known for research and development, high-precision engineering, and advanced assemblies.
- Electron Energy Corporation (EEC) – The only North American producer of samarium-cobalt (SmCo) magnets, boasting top-notch material science expertise.
- Magnetic Component Engineering (MCE) – Specializes in innovative machining and manufacturing techniques.
Strategizing for Future Success
President and CEO of Permag, Joe Stupfel, emphasizes that this collaborative approach aligns with their strategic vision. “Permag’s seamless collaboration fosters an organization with unparalleled capabilities, allowing us to provide magnetic products and services from raw materials to complex assemblies,” he stated. This collaborative framework and the evolution of the name aim to firmly establish the company as a leader in advanced magnetic technologies.
A Legacy of Innovation
The name Permag is a nod to the company’s original identity, which traces back to its founding in the 1950s. Over the years, Dexter Magnetic Technologies, Electron Energy Corporation, and Magnetic Component Engineering have collectively amassed a rich legacy of innovation in magnetic technologies, totaling 177 years of expertise.
Commitment to Quality and Innovation
Even with the change in name to Permag, the commitment to quality and innovation remains steadfast. The company continues to focus on:
- World-class engineering expertise: Bringing decades of experience to designing customized magnetic solutions that meet specific client needs.
- High-quality materials and assemblies: From rare earth components to complex magnets, Permag’s products power cutting-edge technologies across multiple sectors.
- Research and development: Continuous innovation to enhance product offerings and meet the evolving demands of the industry.
- A trusted legacy of excellence: Upholding the high standards of quality, reliability, and performance set forth by DMT, EEC, and MCE.
About Permag
Permag stands as a global leader in high-performance magnetic solutions, offering unparalleled materials and precision-engineered components. With a foundation built on the expertise of DMT, EEC, and MCE, Permag is committed to innovation, superior quality, and solving the toughest problems faced by customers worldwide.
Contact Information
For more details, please reach out to:
Gustavo Olano
Senior Director of Marketing
Permag
(978) 201-6910
Frequently Asked Questions
What does the rebranding to Permag signify?
The rebranding represents a strategic evolution, showcasing the collective strengths of the three companies while enhancing collaboration in the magnetic solutions sector.
What industries does Permag cater to?
Permag provides solutions primarily for aerospace, defense, medical, and semiconductor industries, among others.
What is unique about the companies under Permag?
Each company brings specialized expertise in high-precision engineering, material science, and innovative manufacturing techniques, creating a powerful synergy.
How long have the companies been in operation?
Together, Dexter Magnetic Technologies, Electron Energy Corporation, and Magnetic Component Engineering have a combined history of 177 years in the magnetic innovation sector.
What are Permag's core commitments?
Permag is dedicated to engineering excellence, high-quality products, unparalleled R&D, and maintaining a trusted legacy of excellence in the magnetic field.
