Spang & Company

Background

Founded in 1894, Spang & Company is a privately held manufacturing organization headquartered in Pittsburgh, Pennsylvania. The company specializes in designing, producing, and supplying precision soft magnetic components and materials to the electronics industry, as well as custom-engineered solutions for the power industry.

Key Strategic Focus

Spang & Company operates through three primary divisions:

Magnetics: A leading supplier of precision soft magnetic components, specializing in research, design, and production of high-quality powder cores, ferrite cores, and strip wound cores. These products are utilized in applications such as chokes, inductors, filters, transformers, and power supply components across industries including alternative energy, telecommunications, aerospace, automotive, military, computer, and medical sectors.

Spang Power Electronics: Designs and manufactures a comprehensive line of power control equipment, including SCR power controllers, dry-type transformers, AC and DC power systems, specialty AC and DC drives, and automation control systems. These products are specified for critical industrial processes in sectors such as glass, polysilicon/solar, coatings, fibers, industrial heating, and more.

Spang Engineered Solutions: Offers custom inductive components across various industries, providing innovative tools and expertise to deliver high-quality, turnkey solutions for complex inductor designs.

Financials and Funding

Spang & Company is a privately held entity with estimated annual revenues ranging from $69.4 million to $99.4 million. The company employs approximately 289 individuals across its various divisions. Specific details regarding funding history and capital utilization are not publicly disclosed.

Technological Platform and Innovation

Spang & Company distinguishes itself through its proprietary technologies and scientific methodologies:

Proprietary Technologies: The Magnetics division specializes in high-permeability magnetic components, including powder cores, ferrite cores, and strip wound cores, catering to diverse applications in the electronics industry.

Scientific Methodologies: The company emphasizes research and development, focusing on improving existing products and introducing new materials and geometries. This commitment has positioned Magnetics as an innovation leader in the soft magnetic industry.

Leadership Team

Spang & Company's leadership comprises experienced professionals:

Frank E. Rath Jr.: Chairman of the Board.

Robert Smith: President and Chief Operating Officer.

Lynne Ellis: Vice President and Chief Financial Officer.

Brian Buddemeyer: Vice President of Information Technology.

Kim McKean: Vice President of Human Resources.

Competitor Profile

Market Insights and Dynamics: The market for precision soft magnetic components and power control equipment is competitive, with several key players offering similar products and services.

Competitor Analysis:

Dynapower: Designs and manufactures energy storage and power conversion equipment.

Metaltex: Manufacturer and distributor of electronic components.

HESCO: Distributor of electrical and industrial automation products.

Zhen Ding Technology: Provides solutions for the design, development, manufacturing, and sales of printed circuit boards.

Strategic Collaborations and Partnerships

Spang & Company has a history of strategic acquisitions to enhance its capabilities:

Kemco Corp: Acquired in 1966, forming the foundation of Spang Power Electronics.

DMARC: Acquired in 1999, further expanding the company's expertise in power electronics.

Operational Insights

Spang & Company's strategic focus on understanding customer applications and providing tailored solutions has solidified its reputation for quality and reliability. The company's commitment to integrating new technologies in semiconductors, microprocessors, and software ensures continuous improvement in product offerings.

Strategic Opportunities and Future Directions

The company's emphasis on research and development positions it to capitalize on emerging trends in the electronics and power industries. By leveraging its existing strengths and exploring new market opportunities, Spang & Company aims to maintain its leadership position and drive future growth.