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Elmhurst, Illinois (September 25, 2014) – Adams Magnetic Products and Elna Magnetics are pleased to jointly announce that, on September 25, 2014, Elna Magnetics purchased the soft ferrite division of Adams Magnetic Products. The sale consists of only the soft ferrite division. All remaining divisions and their operations remain unaffected by this sale.

"The sale of Adams's soft ferrite product lines will allow us to focus on our core businesses that include permanent magnets, magnetic assemblies and magnetic print media, promotional magnets and educational magnets," said Scott Lewis, President. “We will continue to position the company for sustained sales and profit growth.”

Stephanie Melick, Managing Partner at Elna Magnetics adds, “We are very excited about this opportunity. Elna Magnetics is committed to supply Adams’ soft ferrite customer base with what it has always received – a broad product offering and exceptional service. “

Both companies look forward to a smooth transition and assure customers that before, during, and after the sale you can expect an uninterrupted level of service and support.

Please direct any questions you may have to:

Elna Magnetics
Toll-free 800-553-2870
Stephanie Melick, DID 845-247-2024
Email: smelick@elnamagnetics.com
General email: info@elnamagnetics.com
www.elnamagnetics.com

About Elna Magnetics

Elna is a full-service distributor and manufacturer of standard and custom magnetic cores and accessories, founded in 1955. Elna is an ISO 9001:2008, ITAR and SHARP certified company and is an authorized distributor for Ferroxcube, Fair Rite Products, Magnetics, EPCOS, Hitachi Metglas and Finemet, Leadertech, Micrometals, MagDev LTD, MMG and TSF. They offer gapping services for mechanical and inductance based core gapping as well as toroid gapping down to 0.003 gap width, as well as machining services for custom designed magnetic cores to meet virtually any customer's custom core requirements.

They back their product offering and machining capabilities with a professional and courteous sales and customer service staff, and a knowledgeable engineering staff to provide answers to questions and assist with designs.

About Adams Magnetic Products

Established in 1950, Adams Magnetic Products Co. sets the standard for designing and manufacturing innovative permanent magnet products and assemblies using alnico, ceramic, neodymium, and samarium cobalt materials. Adams fabricates permanent magnets and assemblies in California, Illinois, Kentucky and China. We offer expert design assistance and machining services.

Dowling Magnets, a division of Adams Magnetic Products, has combined science and innovation to offer educational magnet products for the home and classroom.

Magnetic Attractions, a division of Adams Magnetic Products, is a leading manufacturer of promotional magnets and magnetic mailers for a wide range of industries.