Johnsburg, Illinois - Prem Magnetics, Inc. announced that it has acquired the assets of Formco, strengthening its product portfolio of magnetic components and expanding the solutions available to customers.
Formco customers can expect a seamless transition, with business operations continuing without interruption. Prem Magnetics is committed to maintaining the level of service, reliability, and responsiveness that Formco customers have come to expect.
"We are pleased to welcome Formco's customers and partners to Prem Magnetics," said Josh Hagen, President. "Our priority is to ensure continuity while building on Formco's strong foundation. We look forward to expanding product offerings and delivering even greater value moving forward."
As part of the acquisition, Prem Magnetics plans to broaden the combined product assortment and provide customers with enhanced options and improved access to a wider range of solutions. The company will also use its existing infrastructure to support ordering, fulfillment, and customer support.
Prem Magnetics will continue to focus on supporting customers through dependable service and access to manufacturing resources. The acquisition reflects the company's ongoing commitment to serving customers with magnetic component solutions while preserving continuity for those previously served by Formco.
Formco customers will continue to have access to familiar products and services, while also benefiting from Prem Magnetics' expanded capabilities and resources. Customers can also utilize Prem's manufacturing capabilities for high-quality transformers, inductors, and coils.
Current Formco customers will receive ordering processes and points of contact directly to help ensure a smooth and straightforward transition.
About Prem Magnetics, Inc.
Prem Magnetics, Inc. is a manufacturer of transformers, inductors, and coils, specializing in custom coil winding for a wide range of industries. Based in Johnsburg, Illinois, Prem Magnetics is a multi-generation, family-owned business that has been delivering quality products and dependable service since 1972. Most of the company's products are made in the USA.
Email: sales@premmag.com
Media Contact
Name
Prem Magnetics, Inc.
Contact name
Josh Hagen, President
Contact phone
(815) 385-2700
Contact address
3521 N Chapel Hill Rd
City
Johnsburg
State
IL
Zip
60051
Country
United States
Url
https://www.premmagnetics.com/
COMTEX_483757518/2888/2026-06-12T10:44:58
