Sonance to Acquire James Loudspeaker
Architectural audio company Sonance has entered into an agreement to acquire high-performance residential and commercial audio solutions company James Loudspeaker.
James Loudspeaker was established in 1999 by a group of audio engineers, craftsmen, and entrepreneurs. James has provided products for homes, businesses and upscale marine applications, and its models are known for their customizability and their minimal visual presence in interior or exterior applications.
“We could not be more excited to bring James Loudspeaker into the Sonance family,” said Ari Supran, CEO at Sonance. “Their history of innovation, their mastery of customization and their passion for aesthetics are right in line with our core principles here at Sonance: that technology should disappear into architecture, that authentic partnerships are what set us apart, and that our long, proud heritage of innovation drives everything we do.”
“James Loudspeaker was not for sale,” cites Mark Schafle, James Loudspeaker CEO. “After a chance encounter and subsequent conversations, we learned that our customization and manufacturing capabilities fit perfectly with the Sonance strategy and culture. We are thrilled to become part of the Sonance family, and we look forward to taking what we do to the next level.”
Sonance and James expect the deal to close before the end of the year and will continue to operate as separate companies while the combined team learns what makes each brand unique, according to the announcement statement. Over time, Sonance will identify areas where the strengths of both companies can be leveraged to provide maximum value to their combined customer base, the statement continued.