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Magnetek to Relocate Telemotive Industrial Controls Division to Menomonee Falls, WI Facility

MENOMONEE Falls, Wis. - March 26, 2004 - Magnetek Power Control Systems today announced they are relocating their Telemotive Industrial Controls division of Glendale Heights, IL, to their Menomonee Falls, WI facility. According to Peter McCormick, President and General Manager of Magnetek Power Control Systems, the move will allow Magnetek, which designs and manufactures power control products and systems for many industries, to provide their material handling customers with “one-stop-shopping” for all their material handling applications. “Consolidation of our business units serving the material handling industry to one U.S. location allows us to more efficiently serve our customers’ needs and make it easier for them to do business with us.” Magnetek acquired Telemotive, the world leader in radio controls for the material handling industry, in 2003.

All Telemotive functions, including manufacturing, sales, customer service, product management, accounting, engineering and R&D are moving to Menomonee Falls. Marketing and human resources were consolidated there previously. “Key Telemotive personnel will be moving to Menomonee Falls to continue the important roles they hold in supporting the Telemotive business.” McCormick stated. “The relocation of Telemotive will be done in phases over the next year so that there is no impact to our customers.” Approximately 30 jobs will be added at the Menomonee Falls facility. The company will release details of the move as they evolve. Once the move is completed, the Glendale Heights, Illinois facility will be closed. “We believe we can more efficiently and effectively serve our material handling customers by consolidating the efforts of our business units at one central location, ” McCormick stated. “This move will allow us to focus our joint efforts on R&D, technology development, and new market opportunities.”

Magnetek Power Control Systems is a division of Magnetek, Inc. (Los Angeles, CA), a leading designer and manufacturer of digital power and control products. Magnetek, Inc. is listed on the New York Stock Exchange (NYSE: MAG) and reported revenues of $201.8 million for its fiscal year ended June 30, 2003. For additional information, visit Magnetek’s web site at www.magnetek.com.

Media Contact:
Lynn Bostrom
Director, Marketing Communications
(262) 252-2903
lbostrom@magnetek.com

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