Thursday, 13 March 2003
Holdings Inc. have announced that it has agreed to acquire McIntosh
Laboratory, Inc., from Clarion Corporation of America, a subsidiary of
Clarion Co. Ltd., a manufacturer of car audio and electronics.
Financial terms of the acquisition were not disclosed.
McIntosh, a 53-year-old company based in Binghamton, N.Y., designs and
manufactures high-end audio, home theater and car audio products and
has annual revenue of approximately $25 million. The financial impact
on D&M Holdings is not expected to be material in fiscal 2002
ending on March 31, 2003, but it is expected to be accretive in fiscal