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Magnetics sells East Butler warehouse, intends to stay

EAST BUTLER — A Pittsburgh-based manufacturing company with a warehouse and distribution site in East Butler recently sold the 200,000-square foot facility but expects to maintain its operations there.

Mike Reilly, general counsel for Magnetics, confirmed Friday that the company had held an auction for its warehouse and distribution center on East Butler Road and that a “successful high bidder” had emerged to purchase the facility, which is composed of multiple buildings. He declined to release more specific information about the sale, saying that the deal wouldn’t be finalized until the end of this month or sometime in early January.

Reilly said the sale doesn’t mean Magnetics is leaving town; the company intends to maintain its distribution operations in one building at the East Butler Road facility, where it employs 9 people.

The sale is contingent upon the unnamed buyer agreeing to honor an 11-year lease with Magnetics for that building, which accounts for about one-quarter of the 200,000-square-feet of space available at the site.

The rest of the facility is currently unoccupied, Reilly said.

The company, which was founded in 1949, currently manufactures its product, soft magnetic cores, at a 71,000-square-foot plant in Xiamen, China — a move company officials said in June was made to remain competitive.

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