# Industrial Magnetics acquires Walker Magnetics

Industrial Magnetics, Inc. acquired substantially all assets of Walker Magnetics Group, Inc., North America's oldest industrial magnet manufacturer, based in Worcester, Massachusetts.

- Type: Acquisition
- Announced: 2021-02-18
- Where: Worcester, Massachusetts, United States
- Status: completed
- Products: industrial magnets, electromagnetic chucks, lift magnets, scrap magnets, separation magnets
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Industrial Magnetics, Inc.](https://endata.com/companies/17495.md) (acquirer)
- [Walker Magnetics Group, Inc.](https://endata.com/companies/53331.md) (target)

## Sources

- [magnetics.com](https://www.magnetics.com/company/whats-up/press-releases/industrial-magnetics-announces-acquisition-of-walker-magnetics), 2021-02-18: "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."
- [prweb.com](https://www.prweb.com/releases/Industrial_Magnetics_Announces_Acquisition_of_Walker_Magnetics/prweb17736885.htm), 2021-02-18: "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."
- [fabricatingandmetalworking.com](https://fabricatingandmetalworking.com/an-electromagnetic-chuck-for-virtually-any-application/), 2021-03-11: "Rotary electromagnetic and electro-permanent chucks made in a radial-pole multicoil design for hard turning and free stat grinding is one of multiple product lines Industrial Magnetics Inc. has added to its mix with its acquisition of Walker Magnetics Group Inc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.