NATIONAL MAGNETICS GROUP ACQUIRES FERRONICS INC. (View Letter)
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New Acquisition Announcement

Ferronics Incorporated is pleased to announce as of October 5, 2013, it has been acquired by National Magnetics Group (NMG) of Bethlehem, Pennsylvania. We will continue to accept your orders and produce the same quality ferrite cores, initially here in Fairport.

Dear Valued Customer,

Ferronics Incorporated is pleased to announce as of October 5, 2013, it has been acquired by National Magnetics Group (NMG) of Bethlehem, Pennsylvania. We will continue to accept your orders and produce the same quality ferrite cores, initially here in Fairport.

National Magnetics Group plans to continue operations in Fairport, NY with the goal of transitioning to Bethlehem, PA in 2014. This will be accomplished seamlessly, with minimal impact on production. We will operate dual manufacturing sites for some period to accommodate any customer qualification requirements. All equipment processes and materials will be identical in either case.

Please see the attached notification regarding remittance advice.

National Magnetics Group (www.magneticsgroup.com) has a diverse product line, manufacturing soft ferrites, powdered iron cores, ceramic magnets, microwave ferrites and dielectric materials. Their ferrite product line focuses on mostly large shapes in low frequency and power materials. Ferronics product line is complementary in covering small shapes in low and high frequencies.

We are very excited with this new opportunity to participate in the ferrite market and expect a stronger more diverse company in which to support your ferrite core requirements. We are pleased to continue our relationship with you.

Should you have any questions regarding National Magnetics Group's acquisition of Ferronics Inc., please contact Paul Oberbeck, President, National Magnetics Group, at pbo@magneticsgroup.com or call at 610-867-7600.

Sincerely,

Tim Reeder, President
Ferronics, Inc.


Related Files:
  1. New Acquisition Announcement (PDF)

Continuation of Business

I am pleased to announce that Ferronics, Inc. has received a Letter of Intent to be acquired by National Magnetics Group, Inc. of Bethlehem, PA. Ferronics will be continuing operations in Fairport, NY and are once again soliciting purchase orders. Recent orders received will be confirmed shortly.

The circumstances regarding the market mentioned in our letter of February 28 th still exist. We hope the continued availability of the Ferronics product line from this transaction will be of value to all. Certainly any further re-sourcing efforts will not be required.

National Magnetics Group plans to continue operations in Fairport, NY for the short term with the goal of transitioning to Bethlehem, PA in the medium to long term. This transition will consist of dual manufacturing sites for some period to accommodate any customer qualification requirements. All equipment, processes and materials will be identical in either case.

National Magnetics Group (www.magneticsgroup.com ) has a diverse product line, manufacturing soft ferrites, powdered iron cores, ceramic magnets, microwave ferrites and dielectric materials. Their ferrite product line focuses on mostly large shapes in low frequency and power materials. Ferronics product line is complementary in covering small shapes in low and high frequencies.

Ferronics is very excited with this new opportunity to participate in the ferrite market and expect a stronger more diverse company to support your ceramic requirements. Please feel free to contact me with any additional questions at 585-388-1020 ext. 242 or by email, treeder@ferronics.com


Related Files:
  1. Continuation of Business (PDF)




BE Material for DC Bias

Ferronics has developed BE Material for essential telecommunication, automotive and industrial designs where environmental considerations are of concern.


Related Files:

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