Spang & Company

What Spang & Company does

Spang & Company is a privately held, family-controlled diversified industrial manufacturer founded in 1894 in Butler, Pennsylvania, and currently headquartered at 110 Delta Drive in Pittsburgh, PA. The company operates three wholly owned product-line subsidiaries: Magnetics, a leading supplier of precision soft magnetic components including powder cores, ferrite cores, and strip wound cores used in the electronics industry; Spang Engineered Solutions, a custom inductive component designer and rapid prototyping developer serving challenging inductor design requirements across multiple industries; and Spang Power Electronics, which designs and manufactures power control equipment for highly critical industrial processes using semiconductors, microprocessors, and software.

The company sells primarily on a business-to-business basis to enterprise customers in the electronics and power industries through direct global sales offices, dedicated product-line websites, and a network of manufacturing plants and distribution centers located in the United States (Pennsylvania, Arkansas, Arizona, Texas) and China (Haicang, with former Xiamen operations consolidated there in 2012). Pricing is not publicly disclosed, and the company has historically focused on engineered, specification-driven components rather than standardized catalog sales.

The Spang family has owned and controlled the company since founding, and the firm has refocused its portfolio multiple times — most notably in the 1980s, when it divested non-core businesses (toys, drugs, refractories) to concentrate on power systems and electronic components. More recently, Spang Engineered Solutions has pursued a roll-up strategy with three acquisitions between 2018 and 2024 (Frost Magnetics, Wirebenders, Magnetic Technology) to expand its custom inductive components footprint. The company reports no external funding and operates with 251–500 employees globally.

Name

Spang & Company

Legal name

Spang & Company

Website

https://spang.com

Company type

Private

Founded year

1894

Operating status

Operating

Headcount range

251–500 employees

Short description

Spang & Company is a privately held, 130-year-old diversified industrial manufacturer headquartered in Pittsburgh, PA. It operates three subsidiaries — Magnetics (soft magnetic components), Spang Engineered Solutions (custom inductors), and Spang Power Electronics (power control equipment) — serving electronics and power industry customers globally.

Ownership category

akta.pro rank

Product category

Electronic Components Manufacturing

NAICS

Switchgear and Switchboard Apparatus Manufacturing (335313), Relay and Industrial Control Manufacturing (335314)

SIC

Electronic Coils, Transformers & Other Inductors (3677), Switchgear & Switchboard Apparatus (3613)

akta.pro primary industry

Transformers & Magnetics (Power/Signal) (HDAHANAD)

akta.pro secondary industry

Transmission & Distribution Line Equipment (Bushings, Insulators, Arresters, Conductors, Hardware) (IMAGAAAF)

Keywords

• Soft magnetic components
• Custom inductive components
• Power control equipment
• Magnetic materials manufacturing
• Electronic components production

Headquarters

HQ city

Pittsburgh

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Distribution channels3 records

Marketing channels3 records

Core offering

Spang & Company designs, produces, and supplies precision soft magnetic components and materials to the electronics industry, and custom engineered solutions to the power industry. It operates three product lines: Magnetics (powder cores, ferrite cores, and strip wound cores), Spang Engineered Solutions (custom inductive components and rapid prototyping), and Spang Power Electronics (power control equipment using semiconductors, microprocessors, and software).

Product overview

Spang & Company operates as a diversified manufacturing company with three distinct product lines: Magnetics (precision soft magnetic components including powder cores, ferrite cores, and strip wound cores for the electronics industry), Spang Engineered Solutions (custom inductive components and engineering design/rapid prototype developer for challenging inductor designs), and Spang Power Electronics (power control equipment for critical industrial processes using semiconductors, microprocessors, and software). The company was founded in 1894 and is headquartered in Pittsburgh, Pennsylvania.

Differentiator

Problem solved

Functional benefit

Brands

• Spang Engineered Solutions: Custom inductive components for an array of industries, offering innovative tools and decades of expertise providing high-quality, turn-key solutions for even the most challenging inductor designs.
• Magnetics
• Spang Power Electronics

Products and services

• Magnetics A leading supplier of precision soft magnetic components specializing in the research, design, and production of high-quality powder cores, ferrite cores, and strip wound cores for a variety of applications in the electronics industry.
• Spang Engineered Solutions Offers custom inductive components across an array of industries with innovative tools and decades of expertise, providing high-quality turn-key solutions for even the most challenging inductor designs.
• Spang Power Electronics Designs and manufactures a full line of power control equipment for highly critical industrial processes, implementing best-in-class technology in semiconductors, microprocessors, and software.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators2 records

Recent moves16 records

Expansion highlights3 records

Direct peers

• Arnold Magnetic Technologies: Arnold manufactures precision magnetic materials and assemblies including soft magnetic components, similar to Spang's Magnetics division. It is the closest direct competitor serving overlapping electronics and industrial OEM customers with comparable product breadth.
• Ferroxcube (Yageo): Ferroxcube specializes in ferrite cores and soft magnetic components for the electronics industry, directly overlapping with Magnetics' powder and ferrite core product lines for similar customer applications.
• VACUUMSCHMELZE (VAC): VAC produces advanced soft magnetic materials, inductive components, and magnetic cores for industrial, energy, and electronics applications. It is a direct specialty competitor to Magnetics in high-end soft magnetic materials.
• Fair-Rite Products Corp. Fair-Rite manufactures ferrite cores and soft magnetic components for power and signal applications. It is a focused direct peer to Magnetics' ferrite core offerings for similar electronics and industrial OEM customers.

Broad incumbents

• TDK Corporation: TDK is a global electronic components leader producing ferrite cores, inductors, and power magnetics. While far larger and broader, it directly competes with Magnetics in soft magnetic materials and with Spang Engineered Solutions in custom inductive components.
• Proterial (formerly Hitachi Metals): Proterial is a major producer of soft magnetic materials, ferrite cores, and specialty electrical materials used in power electronics and industrial applications. It competes head-on with Spang's Magnetics division in soft magnetic materials supply.
• Eaton Corporation: Eaton is a major power management and industrial control equipment manufacturer with overlapping power electronics and power control products. It competes broadly with Spang Power Electronics for industrial customers requiring critical process power solutions.
• ABB Ltd: ABB is a global leader in power and automation, offering power electronics, drives, and control equipment that overlaps with Spang Power Electronics' power control equipment for critical industrial processes.

Others

• Carpenter Technology Corporation: Carpenter Technology produces specialty alloys and soft magnetic alloys that supply the magnetics industry. It is an upstream materials provider rather than a direct competitor, but its products feed into Spang's magnetic component supply chain.

Emerging players

• Würth Elektronik eiSos: Würth Elektronik is a significant manufacturer of electronic and electromechanical components including inductors and transformers. It overlaps with Spang Engineered Solutions' custom inductive components for industrial and electronics customers.

Market position

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries7 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Spang & Company