Dexter Magnetic Technologies provides complex engineering and precision manufacturing services for a wide range of highly regulated markets, including medical devices, life sciences, aerospace and defense, semiconductor capital goods, and oil and gas applications.
Dexter has a multi-disciplinary team of highly educated electrical and mechanical engineers deliver exceptional service that enables product excellence for its customers.
The 70-year old company has become a trusted and vital partner for customers with mission critical applications by stabilizing their supply chain and collaborating with cross-functional teams to provide accountability and confidence related to their end market needs.
The company’s growth over the past decade attracted private equity interest from a group that immediately understood Dexter needed to move out of the 1050 Morse Ave. location it had inhabited since the early 1980s.
“We outgrew our previous facility and needed to move, but that was a good thing,” Dexter Vice President of Sales and Marketing, Erik Petersen said. “We saw it as an opportunity to get more organized and add new layers of support for our on-site employees.”
After considering a variety of existing and new build out options in many cities, a number of factors convinced Dexter to choose a site in the Elk Grove Village Technology Park. The village’s 6B property tax credit positioned Elk Grove ahead of municipalities in nearby DuPage County. And when Dexter moved into its new space on Valentine’s Day, 2022, it did so while minimizing the impact on its nearly 200 employees, all of whom it was able to retain during the move.
The opportunity to build from scratch also allowed Dexter to put design front and center, ensure work is collaborative and efficient, and make the new facility its own, a decision which hasn’t gone unnoticed.
“Our employees have been thrilled–not just with the physical space, but also how we have been able to reorient our teams and our operations to flow better,” Petersen said.
The facility’s more modern meeting spaces also better suit the needs of a technology and engineering business like Dexter. On top of that, employees experienced a morale boost, now able to enjoy climate controlled machine shop and assembly operations, more natural light and a large lunch room area with vendor provided food and marketplace options to choose from.
The impressive space has also helped recruiting efforts as well as impressing customers when visiting the technology-oriented business.
Dexter expects to grow even faster following the March acquisition of a Torrance, California based competitor. This investment and expansion of the company (Magnetic Component Engineering) will provide high quality precision manufacturing with faster time to market.
If your company is looking to establish or upgrade its working space, we would love to speak with you!Please email the Business Development Team at BusinessDevelopment@ElkGrove.org to learn more about our business park and all the benefits that come from working here!