XMAX-1
RealCarAudio Junior Member
Joined: 14 Apr 2005
Posts: 353
Location: Pooler,Georgia
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 Posted: Sat Dec 30, 2006 9:11 pm Post subject: Audiovox Takes Over Rca |
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AUDIOVOX TO ACQUIRE THOMSON’S CONSUMER ELECTRONICS ACCESSORY BUSINESS INCLUDING THE RIGHTS TO THE RC
Friday, 22 December 2006
HAUPPAUGE, NY, December 21, 2006 – Audiovox Corporation (NASDAQ: VOXX), announced today that it has entered into a definitive agreement with Thomson to acquire its Americas consumer electronics accessory business, which includes approximately 115 employees in locations in the United States, Canada, China (including Hong Kong) and Malaysia. The Company anticipates this transaction will close in early 2007.
As a result of the acquisition, Audiovox will acquire the rights to the RCA brand for Consumer Electronics accessories. The acquisition also includes the Recoton, Spikemaster, Ambico and Discwasher brands for use on any products and the Jensen, Advent, Acoustic Research and Road Gear brands for accessory products. Audiovox already owns Jensen, Advent, Acoustic Research and Road Gear brands for electronics products as part of prior acquisitions.
For additional information, please visit Audiovox on the Web at http://www.audiovox.com.
Last Updated ( Friday, 22 December 2006 )
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X-MAX CAR AUDIO
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Pooler,GA
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