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Article: CURTIS MATHES HOLDING CORPORATION SELLS SOUTHWEST MEMORY SUBSIDIARY
- Article from:
- PR Newswire
- Article date:
- January 11, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DALLAS, Jan. 11 /PRNewswire/ -- Curtis Mathes Holding Corporation (Nasdaq: CRTM) announced today that it has sold its computer components division, Southwest Memory, Inc. to a group led by Southwest Memory employees. The terms of the contract have not been disclosed.
Company executives have stated several reasons for selling Southwest Memory, Inc. First, Southwest Memory's computer components business has become less of a match in the Corporation's strategic outlook for the future. Since the acquisition of Curtis Mathes in November, 1993, the Corporation has shifted its focus to consumer electronics. The Corporation plans to invest its resources into gaining a ...