Industrial Magnetics Acquires Walker Magnetics Group

Industrial Magnetics has acquired substantially all of the assets of Walker Magnetics Group, a market-leading provider of custom and standard magnetic products for workholding, lifting, material handling, scrap magnets, and separation applications.

According to Dennis O’Leary, Industrial Magnetics’ chief business development officer, “The acquisition of Walker Magnetics marks Industrial Magnetics’ next step in expanding our permanent, electromagnetic, and electro-permanent magnetic technology and systems for industrial applications. It also broadens our industry-best roster of lift magnets and establishes Industrial Magnetics as a leader in the workholding segment with a complete lineup of permanent, electromagnetic, and electro-permanent magnetic chucks.”