Sound United, which owns brands including Polk Audio has purchased the D+M Group that owns Denon, Marantz and Boston Acoustics brands.
Sound United is one of two division of DEI Holdings, Directed’s parent company. Directed is the car electronics division of DEI Holdings and Sound United is the home audio division.
Sound United says it is the largest supplier of loudspeakers in North America and a leading supplier of sound bars and wireless music systems. It sells Polk Audio, Definitive Technologies and BOOM. It now adds the D+M Group, which is the largest supplier of audio/video receivers worldwide and a leader in wireless multi-room audio.
The sale was finalized on February 28, 2017 and the terms of the sale were not disclosed.
Kevin Duffy, CEO of Sound United, will serve as CEO of the combined company. “We welcome the addition of the D+M team and are excited to work together …while also ensuring that each of our individual brands continues to be highly differentiated in the marketplace,” said Duffy.
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