|| NOV. 18 I LOUD I SALES|
Loud Sells SLM Marketplace, Austin, Knilling
On Nov. 14, Loud Technologies sold its SLM Marketplace catalog and accessories distribution business, and proprietary St. Louis Stage Gear brand, along with the Austin guitar and Knilling Instruments brands to St. Louis-based U.S. Band & Orchestra Supplies. The sale included the transfer of the exclusive worldwide sales license for the patented Perfection Peg stringed instrument tuning device. Terms of the sale were not disclosed.
“The SLM Marketplace sale, a non-core business unit and product lines, will enable Loud to dedicate its resources and solidify its leadership positions in the musical instruments and professional audio markets,” said Rodney Olson, Loud’s president and CEO. “Moreover, U.S. Band & Orchestra Supplies is the ideal new owner for SLM Marketplace, Austin and Knilling, since they will ensure that our dealer network for these products will continue to receive the highest levels of service and support.”
“We are all looking forward to continuing SLM Marketplace’s 105-year St. Louis tradition and to bringing our reputation for impeccable dealer service to the many new customers with whom we are about to do business,” said Mark Ragin, president and owner of U.S. Band & Orchestra Supplies.