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Stock impact report

Arnold Magnetic Technologies Announces New USA Rare Earth Agreement

D/B/A Compass Diversified Holdings Shares of Beneficial Interest (CODI) 
Last d/b/a compass diversified holdings shares of beneficial interest earnings: 4/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.compassequity.com
Company Research Source: Business Wire
Partnership strengthens U.S. rare earth magnet supply chain and supports domestic manufacturing resilience ROCHESTER, N.Y.--(BUSINESS WIRE)--Arnold Magnetic Technologies Corporation (“Arnold”), a subsidiary of Compass Diversified (NYSE: CODI), and a leading global manufacturer of high-performance magnets and precision components, and USA Rare Earth, Inc. (Nasdaq: USAR) announced a mutual sales and distribution agreement that strengthens the domestic supply chain for high-performance rare earth permanent magnets in the United States.Partnership announcementUnder the agreement, each company is authorized to sell and distribute the other’s products while remaining independent contractors in a non-exclusive partnership. Arnold will offer USAR’s processed and refined neodymium-iron-boron (NdFeB) materials and finished magnets, while USAR will offer Arnold’s finished permanent magnets produced from samarium-cobalt (SmCo) and neodymium-iron-boron (NdFeB) materials. Each party remains resp Show less Read more
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