Magnetek Inc (MAG)

Magnetek, Inc. provides digital power control systems to control motion and power primarily in material handling, elevator, and mining applications. It offers power control and delivery systems, and solutions for overhead material handling applications used in industries, such as aerospace, automotive, steel, aluminum, paper, logging, mining, ship loading, nuclear power plants, and heavy movable structures. The company’s power and motion control systems include alternating current (AC) and direct current (DC) drive systems, radio remote controls, push button pendant stations, brakes, and collision avoidance and power delivery subsystems. It also designs, builds, sells, and supports elevator application-specific drive products, such as DC high-performance elevator drives and AC drives used with low-and high-performance traction elevators. In addition, the company provides elevator products, including integrated subsystems and drives primarily to elevator original equipment manufacturers (OEMs), as well as offers regenerative controls for new building installations and elevator modernization projects. Further, it offers AC and DC digital motion control systems for underground coal mining equipment. The company markets and sells its products directly or through manufacturers' representatives to OEMs, system integrators, value-added resellers, distributors, contractors, and end users worldwide. Magnetek, Inc. was founded in 1984 and is headquartered in Menomonee Falls, Wisconsin. Magnetek Inc. operates as a subsidiary of Columbus McKinnon Corporation