Arnold Magnetic Technologies Corporation (“Arnold”), a subsidiary of Compass Diversified (NYSE: CODI) and leading global manufacturer of high-performance motors, magnets, & thin metals recently acquired a state-of-the-art 130,000 square foot manufacturing facility in Woodstock, Illinois for their Precision Thin Metals and Alnico divisions.
Arnold will move its operations 14 miles from Marengo, Illinois to the new facility in Woodstock, which is also in McHenry County. The new location was carefully selected to be convenient for the existing workforce to easily make the transition. The relocation will occur during the 4th quarter of 2024 and will follow a structured, phased approach designed to minimize disruption to Arnold’s customers. This transition comes on the brink of Arnold’s 130th anniversary in 2025, opening an exciting new chapter in the history of the company.
Arnold’s CEO, Dan Miller, commented, “The Marengo facility has been with Arnold since 1930, and it has allowed us to serve countless customers, having a permanent place in the history of this company. At the same time, our new facility marks an exciting step forward for our company. It will only expand and strengthen our capacity to continue providing quality products and services to our Precision Thin Metals and Alnico customers across the board.”
David Eakins, Director of Operations for both divisions, commented, “While moving operations as sophisticated and complex as Arnold’s Precision Thin Metals and Alnico divisions is no easy feat, our Team will approach this transition with all of the ingenuity and expertise that has allowed us to run a leading operation for over a century.”
About Arnold Magnetic Technologies Corporation
Based in Rochester, NY with an operating history of more than 125 years, Arnold is a leading global manufacturer of engineered solutions for a wide range of specialty applications and end-markets, including aerospace and defense, general industrial, motorsport, oil and gas, medical, and energy. From its Technology Center and manufacturing facilities located in the United States, the United Kingdom, Switzerland and China, the company produces engineered magnetic assemblies in addition to high performance permanent magnets, precision foil products and highly loaded composites that are mission critical in motors, generators, sensors and other systems and components.
Based on its long-term relationships, the company has built a diverse and blue-chip customer base totaling more than 2,000 clients worldwide.
For more information on Arnold’s permanent magnet solutions, please visit: https://www.arnoldmagnetics.com/permanent-magnets/
