Tuesday, September 06, 2005

Linear Purchases Sunfire, after Imerge and Niles Audio

This site has moved to AVReport.com

Linear, home technology group subsidiary of Nortek Holdings is on a buying spree. Over last few months they have acquired Niles Audio, followed by Imerge, and now they have announced acquisition of Sunfire, well-regarded manufacturer of subwoofers. Apparently, people at Nortek/Linear have an obsession on audio and home control.

That makes the current list of companies as follows:

Here is an excerpt from the press release on Sunfire acquisition:

"Sunfire Corporation (Snohomish, WA) has been acquired by Linear, LLC (Carlsbad, CA). A well-regarded manufacturer of high-end speakers, home audio, and home theater electronics and subwoofers, Sunfire becomes the newest member of the Home Technology Group, Linear’s fast-growing family of consumer electronics companies, products, and brands. Bob Carver, President, will remain with Sunfire. No other terms of the deal were disclosed.
Carver notes “We are thrilled to sell to Linear and join its Home Technology Group. This agreement is a very good fit for us. We will be able to continue to operate our business as usual and we look forward to significant efficiencies through the combined resources of this solid team of companies.”"

Sure you noticed that Bob Carver ain't goin' anywhere :)

Source: HomeTheaterHiFi

Posted by Mike at 3:25 PM

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