Bunting Magnetics Co., Newton, Kan., signed an agreement to acquire Master Magnets Ltd., a UK-based manufacturer of magnetic separation, recycling and metal detection equipment to several industries worldwide through a worldwide network of distributors.

Industrial Magnetics, Inc., Boyne City, Mich., completed a 16,000-square-foot addition to its manufacturing center.

Joel Grade was named executive vice president and chief financial officer of Sysco Corp., following Chris Kreidler's decision to leave the company.

Eriez, Erie, Pa., expanded its ProGrade line of standard magnetic separators to include tube magnets, available in an array of sizes and magnetic strengths.