By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Mahwah, N.J. — D+M Group sold off McIntosh Laboratory to Milan, Italy-based Fine Sounds, the owner of such high-end audio brands as Sonus Faber, Audio Research, Wadia and Sumiko.
Fine Sounds is owned by Quadrivio, an investment management company also based in Milan.
"McIntosh is dedicated to the highest caliber of high-end audio and is a perfect fit with our own culture and vision,” said Mauro Grange, CEO of Fine Sounds Group.” We will treasure and protect the legacy of McIntosh as well as its people and reputation."
“This acquisition represents a strategic direction for our company to be a leader in the international luxury audio arena and to have products that are the best in the world in their category,” Grange continued. “With the distribution synergies we will have with our other outstanding brands, McIntosh will be positioned for substantially accelerated global growth."
Charles Randall, current president/CEO of McIntosh, will continue managing the brand. "It's their appreciation of our legacy, as well as their strong leadership, distribution advantage and marketing expertise that gives us confidence in a bright future,” he contended.
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