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In 1959, Ampex acquired Orradio Industries and it became the Ampex Magnetic Tape Division.In 1995, Ampex divested this division, then called the Ampex Recording Media Corporation. At the same time, 3M was also spinning off its magnetic media division. Equitable Life Insurance acquired these combined entities [1], which became Quantegy, Inc., and later changed its name to the current Quantegy Recording Solutions, with the Ampex product line being the nominal survivor, although much use of the 3M technologies later found their way into Quantegy products including the high end GP9 tape.