Magnetek

Magnetek, Inc.
Subsidiary
Traded as Formerly NASDAQ: MAG
Industry Material handling
Power control and motion control technologies
Founded 1984
Headquarters Menomonee Falls, Wisconsin, United States
Number of locations
7 Offices
Area served
Worldwide
Key people
Peter M. McCormick (President & CEO)
Marty Schwenner (Vice President & CFO)
Products Drives and controls for material handling, people-moving and energy delivery
Revenue Decrease US$ 114.3 million (FY 2012)
Increase US$ 8.02 million (FY 2012)
Increase US$ 12.62 million (FY 2012)
Total assets Decrease US$ 98.82 million (FY 2012)
Total equity Decrease US$ -30.875 million (FY 2012)
Number of employees
350
Parent Columbus McKinnon
Website www.magnetek.com
Footnotes / references
[1]

Magnetek, Inc., is a technology company founded in 1984 and headquartered in Menomonee Falls, Wisconsin, and is a NASDAQ Global Market listed company. The company develops, manufactures, and markets digital power and motion control systems for material handling, people-moving and mining applications. Its power control systems serve the needs of selected niches of traditional and emerging commercial markets that are becoming increasingly dependent on “smart” power. Magnetek operates four ISO9001:2008 certified research and manufacturing facilities in North America.

The company is America's largest supplier of hydraulic drive systems for industrial cranes and hoists. It is also the world's largest independent builder of digital motion control systems for elevators, holding this position by designing and manufacturing motion control subsystems. The company's mining division focuses on coal mining by building a hydraulic drive system that enables mining equipment to recover coal for refinement to produce “clean coal” energy.[2]

Business Areas

Magnetek currently primary areas of business:

Company history

Divisions

References

  1. "Magnetek Inc. (MAG)". Yahoo! Finance.
  2. "Magnetek Inc - About Us". Magnetek Inc.
  3. Rich Rovito."Magnetek moving telecom power unit here.", The Business Journal of Milwaukee. December 4, 2006
  4. "Magnetek, Inc. Acquires the Assets and Business of Enrange LLC", Reuters. February 5, 2008
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