b"In January 2005, the Magne\x00cs Group of Precision Cast Parts was oered for sale and Arnold was purchased by a private equity rm (Audax Group) and management as a result of the acquisi\x00on of SPS Technologies by Precision Castparts Corpora\x00on.In mid 2005, Arnold acquired total ownership of Jade Magne\x00cs Ltd and integrated it into the Arnold Magne\x00cs Ltd organiza\x00on. The assembly opera\x00ons were relocated to a modern factory and the business was renamed the Precision Assembly Group.This same factory complex became home to the Bonded Magnet Group when Arnold's injec\x00on molding opera\x00ons were relocated there star\x00ng in 2005 and AML - Shenzhen completed in 2006.On February 20, 2007, Arnold Magne\x00c Technologies completed an acquisi\x00on of Precision Magne\x00cs with opera\x00ons in Sheeld, England; Lupg, Switzerland; and Wayne, New Jersey.The Wayne, New Jersey facility was relocated to Rochester, NY in October 2007.Arnold also closed the Swi\x00 Levick facility and merged the alnico business into the Alnico facility in Marengo, IL, the SmCo business and equipment into Lupg, Switzerland and the remaining business to Wales Bar near Sheeld, UK.Arnold Magne\x00c Technologies AG of Lupg, Switzerland developed a Joint Venture with GQD of Ganzhou, China which produces Samarium Cobalt and other rare earth raw materials and blocks for the Asian market. In 2010, Arnold sold the Powder Cores business to MicroMetals.P\x00\x00\x00 11"