ClassicTone email newsletter received today announcing they are going out of business.

[Murrayatuptown]

Cut/paste from e-mail


Going Out Of Business


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.

We are no longer accepting new orders directly. ClassicTone tranformers are available now only from our resellers while supplies last.

RESELLERS

We appreciate all of your support throughout the years and wish you the best of luck.

Thank you so much!


Magnetic Components, Inc.
(ClassicTone line of Vintage Constructed Amp Transformers)

[groovtubin]

got it as well, flipping stinks!