Recycling Product News Logo

​Industrial Magnetics reports record deliveries in 2019

IMI has seen revenue double in the decade leading up to their 60th anniversary in 2021

Jason Miller, Javelin VP of engineering
Jason Miller, Vice-President of Engineering for Javelin, which was acquired by IMI in 2017.

Industrial Magnetics, Inc., the designer and manufacturer of magnetic products for the recycling and other industries, recently announced that 2019 set another record for the company's deliveries. IMI processed a record 19,218 orders and manufactured over 1.5M parts - with an on-time delivery rate of 98.2 percent, all while producing and shipping more product from their U.S. facility than ever before.

Dennis O'Leary, IMI's chief business development officer states, "We have continued to be bold on re-shoring as much assembly and manufacturing work as possible from the Pacific Rim, and we were able to accomplish this in tandem with increasing our efficiency, throughput and profitability - three internal target areas for success which allow us to continue investing in our future growth."

He continues, "When IMI was established in 1961, it was founded with a pretty simple goal in mind - know the customer and the application, manufacture the best solution and deliver it as promised. A lot has changed, but we still believe our success is rooted in striving for this goal. Our staff, channel partners and customers are all responsible for the results we've been fortunate to attain."

Over the past decade, IMI has seen revenue double, due in part to three successful acquisitions.

In 2014, IMI acquired Prater Industries and Sterling Systems & Controls, manufacturers of bulk processing equipment for particle size reduction, enlargement, feeding and separation, and process equipment hardware and software automation.

2017 saw the addition of Javelin Manufacturing: designers, engineers, and manufacturers of eddy current separators and engineered systems utilized in the scrap, recycling, waste, scrap and mining industries. This year, Javelin announced the opening of a new test lab facility in Indiana, designed to help customers choose the right magnetic separation technology for recycling applications.

According to Jason Miller (shown top), Javelin's Vice-President of Engineering, "The test facility will be a huge benefit to our customers, in that they can send in their material for testing and receive data back on a real-life scenario. They'll have the opportunity to see exactly how our equipment will perform on different types and sizes of materials, and at different flow rates and capacities."

Finally, in 2019, IMI purchased Clamp Manufacturing, the creator of the Kant-Twist Clamp and No-Mar Hammer product lines used in metalworking, welding, assembly, and general manufacturing applications.

"We continue to search for meaningful additions to our platform brands as we enter the ‘20's," states O'Leary, "and look forward to gearing up for our 60th anniversary in 2021."

More from Industry News

Sponsored Brought to you by: Machinex Logo

Discover the main features of a reliable & efficient baler

Single-Ram and II-Ram High-Capacity Balers

At Machinex, we've been designing sorting systems for over 35 years, so we know how essential it is for MRF operators to have a baler they can trust and not worry about its operational reliability. This is why we design and manufacture reliable single-ram and II-ram high-capacity balers to specifically help optimize their operations.

 Watch the video of our expert who presents the main features of Machinex balers delivering these important benefits:

  • Easy & accessible maintenance
  • Reduced maintenance & bale handling costs
  • Energy savings
  • Optimal bale density
Learn more
Sponsored Brought to you by: Komptech Americas LLC. Logo

How to streamline C&D waste processing to increase profitability

For C&D recyclers, waste haulers, demolition contractors and landfills, there is a growing opportunity to profit from rethinking processes. Although every operation is different, by streamlining the front end of the C&D operation processes with purpose-built technologies, recyclers can tap into new end markets, accommodate higher material volumes, stay ahead of regulatory restrictions, increase recovery rates and add commodity revenue, while decreasing labor and other costs.

Download the new eBook to learn about:

  • Finding opportunities in the alternative to landfilling C&D
  • How facilities can increase their profits from C&D
  • Using the right C&D processing technology in the right locations
Learn more

Get our newsletter

Get our newsletter

Subscribe to our free magazine

Get Our Magazine

Paper or Digital delivered monthly to you

Subscribe or Renew Learn more