New technology has been developed to obtain composite materials reinforced with pristine Multi–Wall Carbon Nanotubes (MWCNTs). Introduction of metallic magnetic particles upon the open tips of MWCNTs has been performed in order to induce, with the assistance of a magnetic field, an out–of–plane orientation of MWCNTs in a composite material. Micromechanical modeling of such composites is compared with the results of tensile and compressive tests and good agreement is observed. Results of the compressive tests show that the elastic energy accumulated in through–the–thickness direction reinforced composites is about two orders of magnitude higher than one in the pure matrix material.