Fine Sounds Acquires U.S. Distribution Company SUMIKO
Already owners of Sonus faber, Audio Research and Wadia, the Italian-based holding company Fine Sounds has acquired the A/V distributor SUMIKO. The previous owners will retain the REL and Wolf Cinema brands.
The Italian-based company Fine Sounds SpA has acquired SUMIKO, the Berkeley, Calif.- based distribution company that serves the high-performance, luxury A/V market.
Fine Sounds is fully owned by the Milan, Italy-based private equity fund Quadrivio and it is the holding company of Sonus faber, Audio Research Corporation and Wadia Digital audio. As part of the agreement SUMIKO’s past owners Donald Brody and John Hunter will take seats on the board of Fine Sounds, and SpA.SUMIKO will remain the exclusive North America distributor for all its existing lines, which includes Sonus faber, the subwoofer manufacturer REL, the analog audio company Pro-Ject Audio Systems, the tonearm and turntable company SME, Sumiko Phono Cartridges and the record-cleaning machine company Okki Nokki.
Not part of the acquisition are the REL and Wolf Cinema brands which are still owned by Brody and Hunter. REL will be however, globally distributed by Fine Sounds, while Wolf Cinema will remain independent.
Fine Sounds says it will maintain SUMIKO’s commitment to its customers and it will continue training and marketing support to the entire portfolio of brands.
“Fine Sounds views both the USA and China as top priority markets; direct distribution in China is currently managed through Sonus faber Asia and with the SUMIKO acquisition, we now realize direct distribution in North America,” states Mauro Grange, SUMIKO’s new president. “Fine Sounds very much appreciates the results that SUMIKO has delivered in the past as Sonus faber’s distributor and [it] looks forward to working together [with its partners] to maximize the North American market potential.”
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