Magnetic Attractions, a promotional magnet manufacturer based in North Carolina, announces the acquisition of Rainbow Magnetics, Inc., located in Santa Ana, Calif., known for its customized, magnetic, direct marketing programs.   “We’ve merged two, leading companies to create one-stop shopping for any magnetic, direct mail or promotional products that someone could need,” says Scott Lewis, company president.  Through the acquisition, Magnetic Attractions doubles the number of employees and capacity to serve their combined customers. (more…)