L-Acoustics Invests in European-Based Rare Earth Magnets Partnership
L-Acoustics announced a strategic investment in French-based MagREEsource, a company building the first sustainable permanent magnet factory in Europe. L-Acoustics will partner with MagREEsource for magnet recycling and rare earth manufacturing technology and has established exclusive partner rights in the professional audio industry for sustainable and sovereign, European-based neodymium magnets, critical to loudspeaker manufacturing.