New York, NY (September 5, 2018)—Loud Audio and its parent company, Transom Capital Group, announced they have completed their planned divestitures following yesterday’s sale of the EAW loudspeaker brand to The RCF Group in Italy.
The EAW sale marked the third brand that Loud has sold off in recent months, following Ampeg’s sale to Yamaha in May and Martin Audio’s management-led buyout in July. According to Loud, the three sales will help the company narrow its focus to its remaining pro-audio brand, Mackie. Loud also owns the MI brands Crate, Blackheart and Tapco.
"While I have truly enjoyed working with all of the brands in the Loud legacy, now it's time for us to turn the page and to be entirely focused on building the Mackie brand," said Alex Nelson, Mackie's president. "Our companies have long lived in a conglomeration of brands, and I believe going forward all the brands are going to benefit from new found focus, alignment and investment.”
It’s a sentiment that was shared by Dom Harter, MD of Martin Audio, when he spoke to Pro Sound News recently about his company’s MBO from Loud, noting, “We can now make the decisions wholly for the benefit of Martin Audio rather than a larger multi-brand organization.”
TJ Smith, president of EAW, added, "Having grown up with the EAW and Mackie brands, I can truly say that this is an exciting moment. Both brands are now in a significantly stronger position to support their unique partners and customers. I look forward to the continued development of Mackie and EAW under new and more focused ownership."
Mackie’s Nelson concluded, “This last divestiture marks a particularly exciting time for Mackie employees worldwide who are now about to embark on a journey of reinvention and revitalization!"
Loud Audio • www.loudaudio.com
EAW • www.EAW.com
RCF Group • www.rcf-group.it