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Article: Cerwin-Vega's new owners plan home, car turnaround. (TWICE News).(Stanton Group)
- Article from:
- TWICE
- Article date:
- December 9, 2002
- Author:
CopyrightCOPYRIGHT 2002 Reed Business Information, Inc. (US). 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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HOLLYWOOD, FLA. -- Cerwin Vega will remain in the home, car and pro audio markets even though its new owner, The Stanton Group, previously marketed pro products exclusively, said David Rice, Cerwin Vegas new president.
"We want to grow in home and car audio," he told TWICE. "We will keep Cerwin Vega intact," Stanton Group "is definitely interested in more acquisitions," including possible acquisition of home and car audio brands," he added.
Cerwin Vega will operate as a wholly owned subsidiary of Stanton, whose other subsidiaries are studio-monitor maker KRK Speakers, commercial lighting supplier Coemar, pro accessories supplier Stanton Magnetics, and ...