Samhain
Banned
After 10 years of producing ClassicTone transformers and 78 years of manufacturing, Magnetic Components is announcing the permanent closure of our factory in early November.
This notice is much shorter than we had anticipated. This is a result of COVID and a recent and serious supply chain issue that has developed. Overall, in the last 4 years we have seen a large decline in the tube amp transformer market. At the same time, we experienced unprecedented increases in all costs necessitating us to make this tough, final decision to close.
We have decided to shut down voluntarily and before the business situation potentially gets worse. We want to close our third-generation USA-based company with dignity and honor.
The new EPA will be banning that process soon. Ya know electric carsThinking about this more it wouldn't make sense to just fabricate and assemble transformers.
There's not a lot of unique parts but the assembly process is pretty nuts.
The new EPA will be banning that process soon. Ya know electric cars![]()
How could a business survive that scenario?I was told a few months ago Mesa is not going to have any amps for two years. I trust the source. Been friends with him over thirty years. He told me he got the information directly from Mesa.
How could a business survive that scenario?
Hopefully they figure out the issues so the time line is much shorter.How could a business survive that scenario?
Did he say why?I was told a few months ago Mesa is not going to have any amps for two years. I trust the source. Been friends with him over thirty years. He told me he got the information directly from Mesa.
Pre ordersHow could a business survive that scenario?