Three Industry Leaders in Rare Earth Magnets Join Forces Under New Name - Permag

"Seamless collaboration among all three industry-leading companies under Permag continues our strategic vision for assembling an organization with unparalleled capabilities to provide magnetic products and services from raw material input through completed complex assemblies," said Joe Stupfel, president and CEO of Permag. "The Permag name establishes our company as the unquestioned leader in rare-earth, magnetic technologies." "Seamless collaboration among all three industry-leading companies...

"Seamless collaboration among all three industry-leading companies under Permag continues our strategic vision for assembling an organization with unparalleled capabilities to provide magnetic products and services from raw material input through completed complex assemblies," said Joe Stupfel, president and CEO of Permag. "The Permag name establishes our company as the unquestioned leader in rare-earth, magnetic technologies."

Permag, the original name of Dexter Magnetic Technologies at its founding in the 1950s, builds upon the company's rich legacy of innovation in industrial magnets. For a combined 177 years, DMT, EEC, and MCE have been at the forefront of magnetic innovation, delivering precision-engineered solutions to critical vertical markets. The rebrand to Permag represents a natural progression, aligning the company's expertise, capabilities, and resources to better serve customers through new innovations, streamlined operations, and enhanced customer support worldwide.

While the name has changed, Permag remains dedicated to:

About Permag
Permag is a global leader in high-performance magnetic solutions, providing cutting-edge materials, precision-engineered components, and the manufacture of advanced magnets and magnetic assemblies to industries where performance matters most. With a rich legacy built by DMT, EEC, and MCE, Permag is committed to driving innovation, delivering superior quality, and solving customers' toughest challenges.

For more information, visit www.permag.com or contact:

Gustavo Olano
Senior Director of Marketing
Permag
(978) 201-6910
[email protected]

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