2013 Hailed as Record Year for Industrial Magnetics

IMI announced that they had a record breaking year in 2013 for overall sales, number of orders placed and number of parts produced.

Industrial Magnetics, Inc. (Boyne City, MI), a leading designer and manufacturer of innovative magnetic lifting, fixturing, conveying and separation solutions for a wide variety of industries, is pleased to announce that the company had a record breaking year in 2013 for overall sales, number of orders placed and number of parts produced.

IMI closed 2013 with sales in the range of $25 million, processed almost 13,000 orders and produced 1,037,907 total parts — all records for the company.

The company’s president, Dennis O’Leary, states, “Every year our employees rise to any and all challenges put before them and 2013 was especially impressive. We took more orders and produced and shipped more product than ever before. And we were able to accomplish this all while increasing our efficiency, throughput and profitability — three target areas for success which allow us to continue investing into our future growth.”

Bud Shear, chief executive officer adds, “We are really grateful for our customers, employees and distribution network, who all contribute to IMI being the best source of creative magnetic solutions and products in the industries and markets we serve.”

www.magnetics.com

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