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Fine Sounds Buys Sumiko

7/18/2011 12:01:00 AM Eastern
MILAN, ITALY — High-end audio supplier Fine Sounds has purchased Sumiko, the Berkeley, Calif.-based North America distributor of multiple high-end audio lines.

Sumiko markets Sonus faber loudspeakers, which is owned by Fine Sounds, as well as REL sub-bass systems, Pro-Ject Audio Systems turntables and electronics, SME turntables and tonearms, Sumiko Phono Cartridges, and Okki Nokki record cleaning machines.

Fine Sounds also owns Audio Research Corp., the Minneapolis manufacturer and marketer of vacuum- tube and solid-state electronic audio components, and Wadia Digital, the high-end supplier of digital audio playback components.

Sumiko owners Donald Brody and John Hunter will take seats on Fine Sounds board. The duo continues to own the REL and Wolf Cinema brands, but in a separate deal, REL will be distributed by Fine Sounds globally. Wolf Cinema will remain independent.

Mauro Grange, CEO of Sonus faber, becomes the new Sumiko president.

Grange said the acquisition will help Fine Sounds “maximize the North American market potential” of the Sonus faber brand. Fine Sounds’ “goal is to increase connection with, and responsiveness to, our largest markets.”

Fine Sounds already sells direct in China, which it considers along with the U.S. to be its priority markets.

Fine Sounds is owned by Milan, Italy-based private equity fund Quadrivio.
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