- Magnetek
-
Magnetek, Inc. Type Public (NYSE: MAG) Founded 1984 Headquarters Menomonee Falls, Wisconsin, USA Key people Peter M. McCormick, President and (CEO), Marty Schwenner, Vice President and CFO Products Drives and controls for material handling, people-moving and energy delivery Employees 350 Website http://www.magnetek.com/ Magnetek, Inc. (NYSE: MAG), founded in 1984 and headquartered in Menomonee Falls, Wisconsin, a suburb of Milwaukee. The Company develops, manufactures and markets digital power and motion control systems for material handling, people-moving and clean-energy delivery. Magnetek operates three ISO-certified research and manufacturing facilities in North America. The Company’s innovative Energy Engineered® and Engineered Energy® product lines are available throughout the world.
Contents
Business Areas
Magnetek currently primary areas of business:
- Material Handling
- People Moving
- Energy Delivery (Renewable and Traditional)
Company history
- 1984 – Magnetek (NYSE: MAG) is formed through the LBO of Litton’s Magnetics Group, including Louis Allis Drives & Systems.
- 1985 – Magnetek acquires Power Controls Corp., Pittsburgh, Pa.
- 1986 – Magnetek acquires Century Electric with Yaskawa drives distribution franchise in U.S.
- 1991 – Magnetek acquires Plessey Valdarno in Italy.
- 1999 – Magnetek sells Century Electric, Magnetek acquires Electromotive Systems and Mondel Engineering.
- 2000 – Magnetek acquires J-Tec, Inc.
- 2001 – Magnetek acquires ADS, Inc. and sells drives distribution and lighting businesses, Elevator Products business moves to Menomonee Falls, Wisconsin.
- 2002 – Magnetek acquires LAB Comunnications
- 2003 – Magnetek acquires Telemotive Industrial Controls; Power Conversion and Alternative Energy businesses move to Menomonee Falls, Wisconsin.
- 2004 – Magnetek relocates Telemotive business to Menomonee Falls, Wisconsin.
- 2006 – Magnetek announces the divestiture of its Power Electronics Group headquartered in Italy. Worldwide headquarters moved to Menomonee Falls, Wisconsin.[1]
- 2008 – Magnetek acquires Enrange, LLC.[2]
- 2009 – Magnetek announces divestiture of Telecom Power Business
References
- ^ Rich Rovito."Magnetek moving telecom power unit here.", The Business Journal of Milwaukee. December 4, 2006
- ^ "Magnetek, Inc. Acquires the Assets and Business of Enrange LLC", Reuters. February 5, 2008
External links
- Company website
- Magnetek Renewable Energy
- Magnetek Elevator
- Magnetek Material Handling
- Magnetek Mining
Major companies based in Milwaukee Categories:- Companies listed on the New York Stock Exchange
- Companies based in Milwaukee, Wisconsin
- Companies established in 1984
- Companies based in Wisconsin
- S&P 600
Wikimedia Foundation. 2010.
