Trenton Company — Power Magnetics — Celebrates Over 40 Years in Business November 18

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Company plans to double capacity and employment next two years.

The most important requirement is a desire to work. We have full time jobs with good pay and benefits, and expect to double our plant size and employment in the next couple of years.

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Power Magnetics Inc. will celebrate over 40 years of successful operations in Trenton, NJ on November 18, according to Carl A. Bannwart, president. Living up to the iconic Delaware River Bridge sign ‘Trenton Makes, The World Takes’, Power Magnetics builds customized transformers and reactors for its customers in the United States and around the world.

“At Power Magnetics, we offer entry level job opportunities and provide the skills training needed. The most important requirement is a desire to work. We have full time jobs with good pay and benefits, and expect to double our plant size and employment in the next couple of years,” said Bannwart. The small business manufacturing company, located at 377 Reservoir Street, operates in an UEZ – Urban Economic Zone, allowing its 30 employees to walk or bike to work.

Founded in 1968 as a transformer job shop by Carl T. Bannwart, the current president’s father, Power Magnetics has expanded over the years from manufacturing basic transformers to a comprehensive custom transformer and magnetic reactor company providing subcomponents to the major titans of industry worldwide.

When his father died of a heart attack, Carl A. Bannwart was thrust into the company leadership role in 1975, just two years after graduating from Tufts University with an electrical engineering degree. At that time, his mother Elinor Bannwart assumed the role of president of the company until 1980 when her son took the full reins of the business. She retired from Power Magnetics in 1990.

Elinor Bannwart commented, “Looking back to the beginnings of Power Magnetics and the many problems and challenges that had to be overcome, it is truly gratifying to see how the company has evolved. The results of my son Carl’s hard work, dedication and determination to Power Magnetics are extraordinary and I know his father, Carl T., would share my pride in this remarkable achievement.”

One of the first things a visitor notices at the Power Magnetics office in Trenton is the collection of the Brooklyn Bridge artwork covering the walls. “Despite being an electrical engineer, I have always been fascinated by bridges and the Brooklyn Bridge in particular. The bridge was one of the great engineering marvels of the 19th century, and, astoundingly, is expected to last to the 22nd century. Roebling used many groundbreaking innovations in design and construction, and the quality of the engineering speaks for itself. Also, Roebling’s unique vision included an esthetic grace and elegance rarely matched. As a student of the bridge, I gradually realized its symbolic value – as well as the obvious Trenton connection with the Roeblings and steel – was important to Power Magnetics, and in fact is emblematic of our mission of innovation, engineering, and endurance. We are proud to say that our products are ‘Built like the Brooklyn Bridge’,” stated Carl A. Bannwart.

Power Magnetics will host an open house for customers, vendors and government officials on November 18th from 10 am to 4 pm to celebrate its success as a small business and its support of the Trenton community.

About Power Magnetics Inc.
Power Magnetics Inc. is an industry leader in custom magnetics solutions offering transformers and reactors for industrial and commercial markets worldwide. A family-owned manufacturing company based in Trenton, NJ since 1968, Power Magnetics develops made-to-order transformers and reactors for established industries as well as new alternative energy companies.

Power Magnetics — innovation, engineering, and endurance — Built like the Brooklyn Bridge.

Media Contact: Donna Weaver, WeaverWorks, dbw(at)weaverworks(dot)us or 215.428.0972.

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Donna Weaver
Weaver Works, LLC
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