January 11, 2021 I Acquisition
Korg USA Acquires Aguilar Amplification Company
Korg USA has acquired Aguilar Amplification, a New York City-based manufacturer of bass amplification products. As per the agreement dated Jan. 1, 2021, Korg is a direct investor in the new entity, Aguilar Musical Instruments, which operates as a separate company under the Korg USA portfolio of brands.
“This is an excellent way to kick off 2021, and we are excited to add the well-respected brand of Aguilar to our portfolio,” said Joe Castronovo, president of Korg USA. “For over 25 years, Aguilar has become a name synonymous with quality. We will continue to maintain that reputation and look forward to our future collaborations.”
Aguilar Amplification has earned its reputation for using superior engineering processes to make great gear for bass players, a statement from Korg asserted. By designing and manufacturing heads, cabinets, preamps, pickups and effects pedals, Aguilar has contributed to many aspects of the sound of the bass. The company’s products can be found on concert stages and recording studios around the world. As per the agreement, Aguilar’s staff will remain on board and bring their credo of “constant improvement” to the Korg USA family of brands.
“This acquisition is an important step forward to help us take the brand to the next level,” said Dave Boonshoft, co-founder of Aguilar. “Partnering with Korg, one of the most reputable names in our industry, presents an opportunity to work with a world-class team focused on improving our capabilities and growing our business.”
Dave Avenius will stay on as managing director of AMI, and Dave Boonshoft will continue to lead product development as a consultant. Business will operate as usual and AMI’s ability to process and ship orders will remain unaffected. The factory address will stay the same, but all business correspondence should be forwarded to the new address: Aguilar Musical Instruments LLC, 316 South Service Road, Melville, NY, 11747.