Bunting Magnetics Earns 50th Anniversary Recognition

Attending the ceremony were Robert J. Bunting Sr., president of Bunting Magnetics Co.; Barbara Bunting, Robert’s wife; and Molly Claassen, their daughter. The proclamation highlighted the 30 years that Bunting has been headquartered in Newton as well as the company’s “innovative and industry-leading products.”

“As we celebrate this important milestone, we would like to thank the Governor for taking his time to recognize this achievement,” says Robert J. Bunting Sr. “Also, we would like to thank our customers, supply partners and, most importantly, all of our current and past employees. Our first 50 years have been a profile in growth and innovation. Now and in the future we are striving to keep improving and build upon the legacy that has been established throughout our company history.”

On Aug. 3, 1959, Walter and June Bunting founded Bunting Magnetics Co. in Chicago. The original location, on Chicago’s north side, was a 500 sq. ft. office on Fullerton Ave. The company started as a stocking distributor for cast alnico (aluminum-nickel-cobalt alloy) magnets and small ceramic magnet assemblies designed for industrial use.

In the subsequent 50 years, Bunting has established itself as an manufacturer across several product lines. The company also has expanded to several locations including a Flexible Die Division in Newton; a Magnet Materials Division in Elk Grove Village, Ill.; a Magnet Applications Limited (MAL) manufacturing operation in Berkhamsted, United Kingdom; a Magnet Application Inc facility in Dubois, Pa.; a purchasing office for Bunting China located in Ningbo, China; and an official licensee known as Alpha Magnetics Pty Ltd. in Boronia, Victoria, Australia.

More information on Bunting Magnetics, which is a privately owned company, can be found at www.buntingmagnetics.com.