In a strategic move that promises to enhance its growth and strengthen its position in the rare-earth magnet industry, Landisville-based Electron Energy Corp. has partnered with Magnetic Holdings LLC. It’s a huge milestone in its storied history. This partnership not only brings together two powerhouse companies in the magnet industry but also signals a new chapter for Electron Energy, the only remaining U.S. producer of samarium cobalt magnets.

A Legacy

Electron Energy Corp. was founded in 1970 by Marlin Walmer, a visionary U.S. Navy veteran and metallurgical engineer. From its humble beginnings in a milk house on a Kreider dairy farm in Penn Township, the company has grown to become a leader in the production of high-performance rare earth magnets. These magnets are vital components in industries such as aerospace, military, medical, electronic, oil and gas exploration, and motion control.

 

Marlin Walmer's pioneering work in developing the world’s first rare-earth magnets laid the foundation for Electron Energy's success. His legacy continues to be honored by a plaque at the original milk house, recognizing the company's contributions to materials science and engineering.

The Partnership with Magnetic Holdings

Electron Energy Corp.'s recent partnership with Magnetic Holdings LLC, the parent company of Illinois-based Dexter Magnetic Technologies and Magnetic Component Engineering, represents a significant step forward. Magnetic Holdings is part of Tinicum, a private equity firm headquartered in New York with over $2.4 billion in committed capital. This partnership brings together three entrepreneurial magnet companies under one umbrella, creating a powerful force in the industry.

Scott Murr, Vice President of Revenue Operations at Electron Energy, emphasized that the family of company founder Marlin Walmer still retains a minority stake, ensuring continuity of vision and values. All 150 employees of Electron Energy will be retained, and the partnership is expected to drive further growth, including the addition of more positions.

Growth and Expansion

Over the past decade, Electron Energy Corp. has doubled in size, and the partnership with Magnetic Holdings aims to accelerate this growth trajectory. The infusion of resources and capital from Tinicum will provide Electron Energy with the means to expand its operations, enhance its product offerings, and explore new markets.

Michael Walmer, Electron Energy's Chairman and CEO, and son of founder Marlin Walmer, has joined the Magnetic Holdings board of directors. He expressed confidence that the collaboration within Magnetic Holdings, coupled with the strength and scale of the larger enterprise, will benefit all three companies. At the same time, each company will retain its agility and vitality in its respective markets.

A Shared Vision

The partnership between Electron Energy Corp. and Magnetic Holdings is not just a business arrangement; it's a meeting of minds that share a common vision for the future. Both companies are led by their founding families, ensuring that the long-term legacy and culture of each company are preserved. This shared commitment to family values and entrepreneurial spirit is a key factor in the decision to partner with Tinicum.

Apex Magnets

We hope you keep relying on Apex Magnets as your go-to source for permanent magnets, specifically our neodymium and samarium-cobalt magnets. We're committed to staying at the forefront of the conversation about the remarkable impact of magnets on our world — including significant partnerships! — and the ways they constantly drive change.