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Klipsch Bought Out By Audiovox  Print E-mail
Home Theater News Industry-Trade News
Written by Dick Ward   
Monday, 07 February 2011

Whether you're a fan of the Klipsch brand itself or the other brands in the group - Jamo, Energy and Mirage - you'll soon be buying your speakers from Audiovox.  The company has just announced that it will be buying Klipsch for a cool $166 million.

The direct benefit to Audiovox is an increase in revenue, but also new distribution channels to retailers and access to a strong group of partners that Klipsch has developed including professional installers.

Despite the big news, there won't be any immediate changes at Klipsch.  The current management team will remain intact and the company will run as a standalone . 

"Klipsch remains focused on providing our customers with the best speaker solutions in the industry, maintaining our deep customer and supplier relationships and leveraging our world class employee base," says CEO Fred Klipsch.  "Klipsch Group will continue to be 'The' innovative premium speaker provider our partners expect and trust."







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