Magnetool
- Company typePrivate
- Founded1951
- HeadquartersTroy, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
Magnetool firmographics
Firmographics- Name
- Magnetool
- Legal name
- Magnetool, Inc.
- Website
- https://magnetoolinc.com
- Company type
- Private
- Founded year
- 1951
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Magnetool industry classification
Industry- Product category
- Industrial Magnetic Equipment
- NAICS
- All Other Miscellaneous Electrical Equipment and Component Manufacturing (335999)
- SIC
- Electronic Coils, Transformers & Other Inductors (3677)
- akta.pro primary industry
- Transformers & Magnetics (Power/Signal) (HDAHANAD)
Keywords
Where Magnetool is headquartered
LocationHeadquarters
- HQ city
- Troy
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Magnetool business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Magnetic Tools and Equipment Sales: Manufacture and sale of industrial magnetic products including magnetic tools, electromagnets, magnetizers, demagnetizers, magnet controllers, chucks and sine plates, magnetic filters, and magnetic sweepers
- Custom Electromagnets: Custom-built electromagnets in specific shapes and sizes for specialized industrial applications
- Repair Services: Repair facilities for electromagnetic or permanent magnetic chucks and lift magnets. Services include remagnetization, new top plates, new coils, and certifications. Repair often more affordable than replacement
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Standard product catalog with custom options |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Magnetool product offering
Product offeringCore offering
Magnetool designs and manufactures permanent magnetic tools and electromagnets for industrial material handling, lifting, and workholding applications. The company produces a standard catalog of magnetic tools, electromagnets, magnetizers, demagnetizers, magnet controllers, permanent and electromagnetic chucks, magnetic filters, and magnetic sweepers, and also builds custom electromagnets in specialized shapes for non-standard industrial uses. All products are produced in the company's 40,000 sq ft engineering and manufacturing facility in Troy, MI, with repair, re-magnetization, and certification services offered for multi-brand magnetic equipment.
Product overview
Magnetool, Inc. is a veteran-owned industrial magnet manufacturer established in 1951, offering a comprehensive portfolio of magnetic workholding, material handling, and demagnetizing solutions. The product line centers on Magnetic Tools (Multilifts, Permanent Lifting Magnets, Punch Press Feeders, Welding Fixtures, Magnetic Blocks, Magnetic Rails), Electromagnets (Small/Bipolar/Large formats, 120 V.A.C., Low Profile, Battery Operated, Round/Rectangular/Bipolar Lifting types), Magnetizers (24C, 50C, Custom units), Demagnetizers (Loop Type, Surface Type), Magnet Controllers (Manual MR Series, Automated AU Series, Chuck Controls SD/CC Series), Chucks & Sine Plates (Permanent Magnetic, Electromagnetic, Rotary, Grid Pole, Magnetic Sine Plates), Magnetic Filters (Fluid Line, Coolant, Tramp Iron Traps), Magnetic Sweepers (Road, Floor), and Repair Services. The company also offers Custom Electromagnets for specialized applications. All products are manufactured in their 40,000 square foot facility in Troy, MI using US-made materials.
Differentiator
Problem solved
Functional benefit
Products and services
- Electromagnets Industrial electromagnets using electricity to generate controlled magnetic fields for material handling, holding, lifting, and demagnetizing, offered in small flat-faced, small/large bipolar, 120 V.A.C., 2 VDC low profile, MHE material handling, electrically operated permanent, battery operated, round lifting, rectangular lifting, and bipolar lifting configurations. Sold to industrial buyers for automotive, aerospace, heavy industry, and general manufacturing.
- Magnetic Tools Permanent magnetic tools engineered for precision handling of ferrous materials, including Multilifts, permanent lifting magnets, tubular hand magnets, punch press feeders, rotary tank tools, heavy duty tank tools, welding fixtures, magnetic claws, sheet steel floaters, magnetic blocks, magnetic rails, magnetic squaring guides, and bipolar assemblies. Used by manufacturing, automotive, and metalworking operations.
- Magnetizers Devices that induce magnetism in ferromagnetic materials by aligning magnetic domains. Includes the 24C magnetizer at 24,500 amp-turns, the 50C magnetizer at 50,000 amp-turns, custom magnetizers up to 100,000 amp-turns, and CD-700HD capacitor discharge magnetizers for rare earth magnets. Sold to industrial buyers needing to magnetize or remagnetize components.
- Demagnetizers Tools that reduce or remove residual magnetic properties from steel and ferromagnetic materials using alternating AC electromagnetic fields. Available in loop type and surface type configurations for continuous operation in tool rooms, production shops, and medical instrument reprocessing.
- Magnet Controllers DC power controllers for industrial electromagnets providing precise control over magnetic systems. Includes NT-110-500 handheld controllers, MR Series 3-position manual controls, AU Series automated controllers with automatic release, SD Series and CC Series chuck controllers with 7-pulse release cycles, MA Series heavy duty controllers, RHD Series standalone rectifiers, BB Series battery back-up systems, and RC1 Series remote operating switches.
- Chucks & Sine Plates Precision workholding tools for machining, grinding, and angular setups. Includes permanent magnetic chucks (standard and fine pole), rotary permanent magnetic chucks with parallels, rectangular electromagnetic chucks with transverse and longitudinal pole designs, magnetic sine plates for single and compound angles, rotary electromagnetic chucks in concentric ring and radial pole configurations, and grid pole electromagnetic chucks for general purpose grinding and light milling.
- Magnetic Filters Industrial filtration systems that capture and remove ferrous particles from liquids using strong magnets. Includes fluid line filters, coolant filters, special coolant filters, filter bag magnets, T Series Tramp Iron Traps, and magnetic hopper grates. Applied in automotive manufacturing, steel production, and food processing for contamination control and product safety.
- Magnetic Sweepers Industrial cleaning tools for removing ferrous metal debris from surfaces. Includes road sweepers for construction sites and magnetic floor sweepers for industrial facilities, offered as handheld pickup tools, forklift-mounted sweepers, and magnetic brooms.
- Repair Services Comprehensive repair, re-magnetization, and certification services for electromagnetic and permanent magnetic equipment including chuck repair (remagnetization, new top plates, cam handles), electromagnetic chuck repair (new coils, top plates), and lift magnet repair and certification for all brands of DC voltage magnets, battery-operated magnets, and magnets with built-in controls.
- Custom Electromagnets Custom-designed electromagnets manufactured in specific shapes and sizes for specialized industrial purposes that standard catalog offerings do not address.
Quantifiable outcome
- Manufactures over 3000 Multilift Hand Magnets per year
- +1 more outcomes
Companies that use Magnetool
Customer profileSegments7 records
Ideal customer profiles4 records
Magnetool technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Magnetool partnerships and signals
Strategic signalScale indicators4 records
Recent moves3 records
Expansion highlights3 records
Magnetool competitors and assessment
Company assessmentDirect peers
- Magnetic Products Inc. (MPI): Highland, MI-based industrial magnet manufacturer serving material handling, workholding, and separation applications — directly comparable in product mix, customer base, and Michigan manufacturing footprint.
- Bunting Magnetics: Newton, KS-based manufacturer of magnetic separators, metal detectors, and magnetic material handling equipment — overlaps substantially with Magnetool's magnetic tools, filters, and sweepers lines.
- Ohio Magnetics: Ohio-based specialist in industrial lifting magnets and scrap handling equipment — directly comparable to Magnetool's lifting magnet and heavy material handling lines.
- Winkle Industries: Ohio-based manufacturer of lifting magnets, coil handling equipment, and scrap processing systems — closely comparable in heavy industrial magnet applications.
- Master Magnetics: Castle Rock, CO-based manufacturer of permanent magnets and magnetic products including lifting magnets, sweeps, and holding devices — competing head-to-head across Magnetool's catalog.
- Industrial Magnetics Inc. (IMI): Michigan-based manufacturer of industrial magnetic separators, lifting magnets, and material handling equipment — virtually identical product portfolio and geographic market to Magnetool, making it the closest direct comparable.
- Steinert: Germany/Australia-based specialist in magnetic and sensor-based sorting solutions — competes directly with Magnetool's magnetic filtration and separation lines for industrial and recycling customers.
- Storch Magnetics: Livonia, MI-based industrial magnet manufacturer offering permanent and electromagnetic products for material handling — a like-for-like direct competitor in Magnetool's home market.
Regional players
- Goudsmit Magnetics: Netherlands-based manufacturer of industrial magnets and magnetic systems for material handling, separation, and workholding — comparable product portfolio but serving European geography.
- Eclipse Magnetics: UK-based manufacturer of industrial magnets, magnetic separators, and workholding products — comparable product portfolio but serving European markets rather than North America.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Magnetool social profiles
Digital presenceMagnetool financial estimates
Financial estimateRevenue estimate
Valuation estimate
Magnetool leadership team
Management profileNumber of profiles
Magnetool funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Magnetool M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Magnetool
What does Magnetool do?
Magnetool designs and manufactures permanent magnetic tools and electromagnets for industrial material handling, lifting, and workholding applications. The company produces a standard catalog of magnetic tools, electromagnets, magnetizers, demagnetizers, magnet controllers, permanent and electromagnetic chucks, magnetic filters, and magnetic sweepers, and also builds custom electromagnets in specialized shapes for non-standard industrial uses. All products are produced in the company's 40,000 sq ft engineering and manufacturing facility in Troy, MI, with repair, re-magnetization, and certification services offered for multi-brand magnetic equipment.
Is Magnetool a public or private company?
Magnetool is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Magnetool founded?
Magnetool was founded in 1951. It employs 11 to 50 people.
Where is Magnetool based?
Magnetool is headquartered in Troy, United States, in the North America region.
How does Magnetool make money?
Three revenue lines are on record. Magnetic Tools and Equipment Sales are the primary driver. The others are custom Electromagnets and repair Services.
Who are Magnetool's main competitors?
Direct peers on record are Magnetic Products Inc. (MPI), Bunting Magnetics, Ohio Magnetics, Winkle Industries, Master Magnetics, Industrial Magnetics Inc. (IMI), Steinert and Storch Magnetics. Regional players are Goudsmit Magnetics and Eclipse Magnetics.
Does Magnetool have an API?
No public API is recorded for Magnetool.
What industry is Magnetool in?
Magnetool's product category is Industrial Magnetic Equipment. Its primary akta.pro industry code is HDAHANAD, Transformers & Magnetics (Power/Signal). Its NAICS code is 335999 and its SIC code is 3677.