Dexter History

Our company first started as Permag Corp., formed in New York in 1951, with the concept of selling small volume standard and customized permanent magnets.  The concept was very successful, and Permag grew to nine full service facilities located throughout the U.S. serving local and regional customers.

In the 1970s, Permag began distributing soft magnetic cores and components with an emphasis on same day shipment and customizing services. This product group, which we now call Specialized Electronic Products (SEP), represents many of the world's leading manufacturers of soft magnetic components. It accounts for approximately 35% of our sales.

In 1985 Permag was sold to Dexter Corporation. Under Dexter ownership, the company was renamed Dexter Magnetic Materials Division and in 1986 and 1987 the company opened facilities in Munich, Germany, and Slough, UK. During the 1990s the company reorganized its nine smaller U.S. businesses into three state-of-the-art facilities in North America, and consolidated its European operations into the UK facility. Our goal was to offer a better value package to customers by eliminating redundancies and by concentrating resources on emerging marketplace needs. 

Sales engineers, applications engineers and process engineers were added to our existing technology staff to better support a growing requirement in the magnetics marketplace - design assistance and assembly of complex magnetic structures brought about by innovations in new materials. That business group, which we now call Magnetic Products (MP), is the clear leader in providing optimized magnetic solutions to global customers.
 
In July of 2000, Dexter Magnetic Technologies was sold to Loctite Corporation as part of a larger transaction.

In July of 2001, Dexter Magnetic Technologies emerged as a privately held company through a financially assisted management buyout. Our backers include leading equity and financial partners that have supported our investment in critical projects to provide greater value to customers.

In August of 2004, to better support the emerging market in Aisa, the company opened a representative office in Nanjing, China.

Note: Dexter Magnetic Technologies Europe, Limited's registration number is 4223971.  The place of registration/registrated office is located at 20 Blackfriars Lane, London, EC4V 6HD.