Early last month, LOUD Technologies (www.loudtechinc.com) announced that it had acquired St. Louis Music, a Missouri-based manufacturer/distributor/importer of branded musical instruments and pro audio products. As part of the deal, St. Louis Music will become an indirect wholly owned subsidiary of LOUD Technologies.
“This acquisition demonstrates that Sun Capital Partners, our principal shareholder, is committed to the expansion of our portfolio into related markets,” explained LOUD's CEO, Jamie Engen. St. Louis Music's CEO, Gene Kornblum, will remain in his current position. Commenting on the announcement, Kornblum said, “Through our mutual commitment to product design, creative marketing, and expansive sales and manufacturing resources, LOUD and St. Louis Music are going to make great contributions to the music industry.”