Industrial Magnetics

What Industrial Magnetics does

Industrial Magnetics, Inc. (IMI) is a US-based, privately held industrial manufacturer of permanent magnets and electromagnets designed for lifting, fixturing, conveying, and magnetic separation applications. Founded in 1961 and headquartered in Boyne City, Michigan (note: a separate source records the current corporate entity from 2007), the company operates with 51–100 employees and serves customers primarily across North America (USA and Canada), with a stated global footprint through distribution centers worldwide. Its product portfolio spans magnetic separation equipment (tramp metal removal, eddy current separators for non-ferrous recovery), lifting magnets (permanent and electromagnetic, plus below-the-hook), magnetic workholding and welding clamps (KANT-TWIST®), parts conveying systems, and quality-assurance/test equipment (pull-test kits, pole testers, inspection mirrors). The portfolio is delivered through multi-decade brands including Industrial Magnetics®, MAG-MATE®, KANT-TWIST®, Javelin, and Walker Magnetics, the latter acquired in February 2021 and contributing 120+ years of combined industry experience.

IMI's core technology is rooted in proprietary magnetic and electromechanical designs rather than software; technical differentiators emphasized in the source materials are domain specialization, durability, ease-of-use implementation, and accuracy/precision in separation and workholding. The company operates a multi-brand portfolio retained from prior acquisitions (Prater Industries in 2014, Clamp Manufacturing in 2019, Walker Magnetics Group in 2021) and offers application-specific customization alongside in-stock items, indicating a hybrid catalog/custom manufacturing model.

The business model combines one-time equipment sales (standard catalog SKUs through an e-commerce storefront plus custom-built-to-specification magnets priced via consultation) with recurring aftermarket services including repair and refurbishing, preventative maintenance, lift-magnet testing and certification, and trade-in upgrade programs. Go-to-market is direct-sales led via regional managers covering defined US/Canada territories, with inside-sales intake through the website contact form and channel partnerships for complementary products (Gorbel lifting equipment; Goudsmit Magnetic Grabheads for robotic end-of-arm tooling). The company sells into thirteen vertical segments — with primary emphasis on fabrication & welding, stamping, petrochem, food/feed/grain, recycling/scrap, steel production, steel service distribution, and automotive manufacturing — supplemented by mining & aggregate, pharmaceutical, plastics, QA/testing, and home & hobby. Pricing is quote-based and not publicly disclosed.

Name

Industrial Magnetics

Legal name

Industrial Magnetics, Inc.

Website

http://www.magnetics.com/

Company type

Private

Founded year

1961

Operating status

Operating

Headcount range

51–100 employees

Short description

Industrial Magnetics is a US-based, privately held manufacturer of permanent and electromagnets for lifting, fixturing, conveying, and magnetic separation, serving industries such as fabrication, stamping, steel, recycling, food/grain, automotive, and petrochem via direct field sales, e-commerce, and brand portfolio including Walker Magnetics.

Ownership category

akta.pro rank

Product category

Industrial Magnetic Equipment

NAICS

Electrical Equipment Manufacturing (33531)

SIC

Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Lifting Attachments & Material Handling Accessories (Fork Attachments, Slings, Rigging) (IMAHABAJ)

akta.pro secondary industries

Lifting Accessories & Rigging (Slings, Shackles, Hooks, Spreaders) (IMAHAJAI), Bulk Material Handling Systems (Belt Conveyors, Feeders, Stackers, Reclaimers) (IMAHABAH)

Keywords

• Industrial magnetic separation
• Magnetic lifting equipment
• Magnetic workholding systems
• Permanent and electromagnets
• Scrap metal recycling magnets

Headquarters

HQ city

Boyne Falls

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Magnetic Equipment Sales: Sale of industrial magnetic separation, lifting, holding, and testing equipment. Products include in-stock items available for immediate purchase as well as custom-built-to-specification equipment. The company offers both standard product lines and application-specific custom solutions.
2. Services and Aftermarket: Repair and refurbishing services, preventative maintenance, lift magnet testing and certification, and trade-in upgrade programs to extend equipment lifecycle and nurture customer relationships

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Industrial Magnetics designs, manufactures, and sells permanent and electromagnetic industrial magnetic equipment used for lifting, fixturing, conveying, and magnetic separation of ferrous and non-ferrous metals. The product portfolio spans lift magnets for steel handling, tramp-metal separators and eddy current separators for process protection and recycling, magnetic workholding and welding clamps for fabrication, and magnetic field testing instruments for quality assurance. The company sells both standard in-stock items through its own e-commerce storefront and custom-built-to-specification systems via direct field sales and inside sales.

Differentiator

Problem solved

Functional benefit

Brands

• Walker Magnetics: Under the Industrial Magnetics brand, Walker offers a wide selection of high-quality magnetic products tailored for industrial and manufacturing purposes including in-stock scrap magnets.
• MAG-MATE®
• Javelin
• KANT-TWIST®

Products and services

• Lifting Magnets

Segments13 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered minor.

• GorbelminorChannel Partner/ Reseller/ DistributorIMI is a proud distributor of Gorbel's lifting equipment including G-Force and Easy Arm products, and integrates Gorbel equipment into custom lifting solutions for customers.
• Goudsmit Magnetic GrabheadsminorChannel Partner/ Reseller/ DistributorIMI offers Goudsmit Magnetic Grabheads (air-actuated magnetic grippers or end effectors) for robotic end-of-arm tooling applications as a distributor.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Magsy s.r.o. Czech producer of magnetic separators, lifting magnets, and magnetic rods — also named as one of five key magnetic testing rod market players alongside IMI.
• Magnetic Products Inc. (MPI): US supplier of magnetic separation, material handling, and lifting equipment serving automotive, food, plastics, and recycling — direct overlap with IMI's separation and lifting product lines, particularly for mid-market customers.
• Bunting Magnetics: US manufacturer of magnetic separation equipment, metal detectors, and magnetic material handling products serving recycling, food, plastics, and aggregate — direct competitor to IMI across separation and conveying applications.
• Master Magnetics: US-based magnetic products company offering lifting magnets, magnetic tools, and industrial magnets — competes with IMI in standard lifting magnets and the home/hobby channel that IMI also serves.
• Eclipse Magnetics: UK designer and manufacturer of industrial magnetic separators, lifting magnets, and magnetic filters for food, pharmaceutical, and processing industries — direct overlap with IMI's separation and lifting product portfolio.
• Eriez: Eriez is a large US-headquartered manufacturer of magnetic separation, vibratory, and metal detection equipment for mining, food, recycling, and industrial processing — directly overlapping with IMI's core separation and lifting product lines and customer base.
• SOLLAU s.r.o. Czech manufacturer of magnetic separators, metal detectors, and magnetic equipment for food, plastics, and recycling — named in IMI's competitive set for magnetic testing rods and operates in adjacent European geographies.
• Goudsmit Magnetics: Dutch-based designer and manufacturer of industrial magnetic systems including separators, eddy current equipment, and magnetic grippers for robotics — directly competes with IMI across metal separation, lifting, and end-of-arm tooling; also named in IMI's competitive set.

Regional players

• Walmag Magnetics: Czech manufacturer of industrial permanent magnets, lifting magnets, and magnetic separators — operates in similar product categories to IMI but primarily serves European customers, making it a regional rather than direct North American competitor.

Broad incumbents

• Arnold Magnetic Technologies: US manufacturer of high-performance permanent magnets, magnetic assemblies, and electromagnetic products across industrial, aerospace, and defense — broader magnetics portfolio that overlaps IMI's custom-engineered capabilities but serves wider end markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/IMImagnets
• YouTubeyoutube.com/user/MagVids
• Facebookfacebook.com/IndustrialMagnetics
• LinkedInlinkedin.com/company/industrial-magnetics-inc-
• Instagraminstagram.com/IndustrialMagnetics

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Industrial Magnetics