 In April 2001, Magnet was acquired by Nobia, a Swedish-based kitchen company for £134m.Significant investments were made in the company, with a multimillion-pound showroom refurbishment programme and the introduction of the Trade Concept, an initiative to grow the company's market share in the trade channel.To support the increased demand for Magnet products, further investment was made in the Darlington site converting the manufacturing operation into a modern assemble to order facility.