Angle stacking and inverting device

An improvement in a device that groups and stacks lengths of ferro-magnetic material, said device having a first conveyor with a plurality of spaced material engaging portions on which said lengths of material are positioned, stops at one end thereof, groups of link chain conveyors arranged with their adjacent ends in overlapping side by side relation, one of said chain link conveyors being movable vertically between a first position below the material engaging portion of said first conveyor to a second position above the surface of the material engaging portion of said first conveyor, and one of said chain link conveyors positioned transversely of said first conveyor between said spaced material engaging portion thereof for moving said lengths of material sidewardly from said first conveyor to selected stations, the improvement comprising a handling mechanism adjacent said stations arranged to magnetically pick up said material at said stations and deposit it in a predetermined position, said handling mechanism comprising a device selectively engagable with the upper and lower surfaces of said material and movable in an arcuate path between said selected stations and said predetermined position and means for moving said device and energizing and de-energizing the same.