Loeb & Loeb represented Magnetic Component Engineering (MCE), a manufacturer of permanent magnets and magnet assemblies for the most demanding applications in the aerospace, defense, medical and industrial technology industries, in its sale to Dexter Magnetic Holdings, the parent company of Dexter Magnetic Technologies, a provider of specialized magnetic components and assemblies for use in demanding applications in the medical, aerospace, defense, semiconductor manufacturing, oil and gas, and industrial end markets. Financial terms of the transaction were not disclosed.
The transaction brings together two of the leading designers and manufacturers of permanent magnets and magnetic assemblies in North America. Both companies complement each other’s strengths to serve critical applications for aerospace, defense, medical, semiconductor and industrial customers, offering a comprehensive range of design-engineered and build-to-print solutions under the Dexter and MCE brands.
The Loeb team that represented MCE included Arash Khalili, partner and co-chair of the firm’s Capital Markets & Corporate practice and Sports industry practice, and Capital Markets & Corporate partner Ann Chen, associate Ryan Kashfian and paralegal Anna Yeltchev; Executive Compensation & Employee Benefits partner Marla Aspinwall; Tax partner Ryan Austin; Real Estate of counsel Ron Levinson; Environmental Law partner Albert Cohen; Employment & Labor partner Sarina Saluja and associate Avi Gholian; Tanya Forsheit, co-chair of the Privacy, Security & Data Innovations practice, and associate Ashley Turacek; William Kramer, deputy chair of the Patent Litigation & Counseling practice; Litigation partner Jerry Phillips; and Trusts & Estates partner Ronald Pearson.