RCF Group buys Loud brand EAW
Italian audio manufacturer RCF has bought Eastern Acoustic Works (EAW) from parent company Loud Audio, leaving Loud to focus on the Mackie brand.
In a press release, Arturo Vicari, CEO of RCF Group, said: “Since their early days, the two companies have been very close with RCF supplying professional drivers to EAW. Both brands successfully expanded around the world and their histories were often linked.
“Finally, we can look at a bright future together. Even though EAW will remain a totally independent company, being part of our group will provide EAW with the necessary investments and focus for a fast and solid growth. We are very proud to have EAW with us.”
TJ Smith, president of EAW, said: “For those who love EAW it is difficult to imagine a better scenario. From the first moment this possibility started to materialise it has been clear that joining forces with RCF Group is a great opportunity for EAW.
“This transaction is a true recognition of what the brand represents, its potential, as well as the team we have built over recent years. With gratitude to the long list of those that built EAW over its 40-year history, we look forward to the exciting time in front of us.”
The move follows Loud selling off Martin Audio after it approved a management buyout of the UK headquartered brand.
Loud is a portfolio company of Transom Capital Group. In a press release a spokesperson from the Group said the sales were part of an effort to simplify the Loud business.