Nashville, TN (December 5, 2011)—Gibson Guitar has acquired the Stanton Group—KRK Systems, Cerwin-Vega and Stanton DJ—which will become the basis for a new Gibson Pro Audio division.
The closing of this acquisition marks Gibson's further expansion into the pro audio market with loudspeaker, monitor and electronics technology. The new Gibson Pro Audio division will be based in Nashville, TN; each of the Stanton Group brands had been based in Deerfield Beach, FL.
"Right now we have an extremely powerful brand that people recognize and value, but the musical instrument category is inherently limited because people who purchase instruments also need to know how to play them," says Henry Juszkiewicz, Chairman and CEO of Gibson Guitar. "This new division is perfectly aligned with our core. It expands our reach to fellow music lovers and allows us access to 20 in 20 consumers instead of the one in 20 we currently hit."
Juszkiewicz adds, "Stanton produces some of the best pro audio equipment in the world and we're incredibly excited to be working with the very talented team at Stanton as we take Gibson into the future."
• KRK Systems has produced monitors and control room solutions, including studio monitors, subwoofers, headphones and accessories, since its founding in 1986.
• Stanton designs and manufactures professional audio products for DJs. Founded in 1946 by Walter O. Stanton, the inventor of an easily replaceable phonograph stylus, Stanton Magnetics today produuces turntables, cartridges, CD players, DJ mixers, accessories and digital controllers.
• Founded in 1954, Cerwin-Vega Inc. designs, manufactures and distributes loudspeakers for the home and professional audio markets.
"We are very excited to be joining the Gibson family," says Timothy Dorwart, CEO of the Stanton Group. "This partnership will allow our brands and core management team to continue our growth and momentum in the marketplace within our shared channel while the association with the iconic Gibson brand gives us the opportunity to quickly expand our customer base. Moreover, we bring technical resources that will enhance the R&D capabilities of both companies."
Gibson Guitar Corp.