PITTSBURGH, PA, September 1, 2026 – Magnetics, Inc., a division of Spang & Company, announces the acquisition of substantially all of the business assets of Magnetic Metals Corporation’s Western Division located in Anaheim, California. The acquisition expands Magnetics' U.S. manufacturing capabilities and enhances its portfolio of high-permeability magnetic components, powder cores, ferrite cores, and strip wound cores. The transaction further strengthens the company's ability to serve customers seeking domestically manufactured magnetic products while increasing manufacturing flexibility and supply chain resilience.

Magnetics will continue operating Magnetic Metals' facility in Anaheim, California, alongside its existing manufacturing operations in Xiamen, China, corporate headquarters in Pittsburgh, Pennsylvania, and distribution center in Phoenix, Arizona.

Founded in 1942 as a supplier of magnetic components to the U.S. military, Magnetic Metals brings more than 80 years of expertise in the design and manufacture of strip wound magnetic cores. The business has earned a reputation for precision, quality, high reliability, and technical excellence across a broad range of demanding applications.

About Spang & Company
Founded in 1894 and headquartered in Pittsburgh, Pennsylvania, Spang & Company is a privately held, diversified manufacturing company serving the electronics, power control, thermal management, and industrial markets. Through its operating businesses, the company provides advanced materials, engineered components, and specialized manufacturing solutions to customers worldwide. Its Magnetics division is a leading global supplier of soft magnetic materials and components, with expertise in powder cores, ferrite cores, and strip wound cores. For more than 130 years, Spang & Company has built a reputation for innovation, technical excellence, product quality, and long-term customer partnerships.