Industrial Magnetics (announced the acquisition of Javelin Manufacturing of Fort Wayne, Ind.
Javelin Manufacturing specializes in eddy current separators and engineered systems found in the scrap, recycling, waste, mining and related industries.
The acquisition of Javelin marks IMI’s next step in expanding our metal separation offerings,” Industrial Magnetics Chief Business Development Officer Dennis O’Leary said in a statement. “Javelin’s footprint, reputation and well-established relationships provide a unique opportunity for us to grow the Javelin brand, as well as IMI’s current ferrous separation product line. We will certainly flank the Javelin brand with additional sorting technology via future acquisitions.”
“This acquisition allows Javelin to take that next step to become more proactive in providing a larger and more diverse product offering to the scrap, E-scrap and post-consumer recycling markets. It is going to be a very exciting time for us,” Javelin Owner Jim Merrick said in a statement.
Javelin’s experienced and dedicated staff will remain intact to serve and support the company’s rapid growth, and the Fort Wayne location will continue to operate as the primary engineering and design center for the brand. Capital investments to bolster the current testing platform, modernize assembly capabilities and create a toll processing cell are all slated for later this year.