LOUD Technologies Inc. has announced the acquisition of St. Louis Music Inc., a Missouri-based manufacturer, distributor and importer of branded musical instruments and professional audio products. As part of this acquisition, St. Louis Music will become an indirect wholly owned subsidiary of LOUD Technologies Inc.
Founded in 1922 by the Kornblum family, St. Louis Music's products include Ampeg bass guitar amplifiers, Crate amplifiers, Crate Audio sound reinforcement equipment, Alvarez guitars and string instruments, and Knilling orchestral string instruments. In addition, St. Louis Music is one of the largest distributors of music accessories, offering retailers a complete line of branded accessory products.
St. Louis Music's existing CEO Gene Kornblum will remain in his current position and will report directly to LOUD Technologies' CEO Jamie Engen. Ted Kornblum, who represents the third generation of St. Louis Music's founding family, will assume the position of Senior Vice President of Marketing and Artist Relations for St. Louis Music and will continue to manage these activities for the St. Louis Music family of brands, as well as help expand artist relations programs for the Mackie, TAPCO and EAW brands. William Blair & Company, L.L.C. acted as exclusive financial advisor to St. Louis Music in the transaction.
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