Industrial Magnetics Inc. acquires Javelin Manufacturing

Industrial Magnetics Inc. (IMI), Boyne City, Michigan, has announced it has acquired Javelin Manufacturing, Fort Wayne, Indiana.

Javelin Manufacturing specializes in eddy current separators and engineered systems found in the scrap, recycling, waste, mining and other related industries.

Dennis O’Leary, IMI’s chief business development officer, says, “The acquisition of Javelin marks IMI’s next step in expanding our metal separation offerings. 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.”

Jim Merrick, owner of Javelin, says, “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 postconsumer recycling markets. It is going to be a very exciting time for us.”

Javelin’s staff will remain intact, with the Fort Wayne location continuing 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 slated for later 2017, says IMI.

In October 2016 Javelin announced it had moved to a new, larger facility to allow it to provide recyclers with a wider range of equipment. The company was first acquired in January 2013 by Jason Miller and Scott Moore. Merrick stayed with the company through that acquisition as well.