The Italian company RCF Group announced the acquisition of Eastern Acoustic Works (EAW), well-known manufacturer of Install and Touring audio solutions, from Loud LLC.
EAW will join the Italian manufacturer’s existing loudspeaker brands, RCF and dBTechnologies, but will continue to be operated as an independent company.
“Since their early days, the two companies have been very close, with RCF supplying professional drivers to EAW – says Arturo Vicari, Ceo of RCF Group -. 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”.
The EAW president TJ Smith adds: “For those who love EAW it is difficult to imagine a better scenario. From the first moment this possibility started to materialize 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”.
This marks the second time that EAW and RCF have stood below the same umbrella. RCF was purchased by the then Mackie Designs – now Loud Audio – in 1998, while EAW was added to the group portfolio in 2000. Mackie Designs became Loud Technologies in 2003 and divested the RCF brand that same year.
www.rcf-group.it
www.eaw.com
www.loudaudio.com
