Harmon International sold

[sleepysurf]

Harmon International (manufacturer of Harmon/Kardon, JBL, Infinity, Mark Levinson, Revel, others) was sold to an investment partnership KKR/Goldman Sachs today. Here is their official press release...
http://www.harman.com/press/pdf/harman-kkr.pdf

Lots of speculation as to whether hatchets will fall, including discussion on this thread...
http://www.audioasylum.com/audio/general/messages/478412.html

Ring any bells? Frankly, I'm looking forward to asking a few questions about the impact of the Shoreview ML acquisition during our June get-together!

 

[risabet]

The wolves at KKR/GSCP will gut the company, spin off the less profitable units and can a bunch of the workers all in the name of share holder equity. Capitalism's finest hour! OTOH, maybe Mark Levinson the man can buy the use of his name back!

 

[akm3]

Isn't Lexicon a unit of theirs too?

-Allen

 

[Joey_V]

What's the company that owns BW and Rotel again? Equity something?

 

[Beat_Dominator]

B&W, Classe, Rotel is fine..... Britain isn't as cut throat as the US

 

[Jeff Zaret]

What's the company that owns BW and Rotel again? Equity something?

Equity International

I believe they are the distributorship and don't forget to include Classe'.

Jeff

 

[risabet]

Isn't Lexicon a unit of theirs too?

-Allen

Yeah, I think so.