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D&M Moving To New Headquarters In April

12/15/2005 12:55:00 PM Eastern

Pine Brook, N.J. — D&M Holdings said it will open a new headquarters building in Mahwah, N.J., for the company’s North American operations, which will feature an advanced product demonstration area and showroom.

The move, which will begin next year, is expected to be completed by April 2006, by which time all sales, marketing, service, finance and administrative functions for Denon and Marantz consumer operations in the United States will relocate to the new facility. The sales departments of Boston Acoustics, Snell Acoustics and Escient also will be based in Mahwah.

“This new facility is being designed to provide our company with ample space so we can continue our aggressive growth plans for D&M’s current portfolio of brands and through the expansion of that portfolio in the future,” said Vic Pacor, president/COO of D&M Holdings.

D&M Holdings will be the lead tenant and the company’s name will be placed on the building’s exterior. The office building, currently under renovation in preparation for this move, will also serve as the corporate headquarters for D&M Holdings U.S.

“We’re looking forward to moving into this new facility, which will provide us with an ideal showcase for our high-quality products while also providing our employees with a superb place to work,” said Bob Weissburg, D&M Holdings sales and marketing president for North America.

In related news, D&M Holdings announced that consumer electronics veteran Michael Begala has joined D&M North America as service VP for the Denon and Marantz brands. He will be responsible for all aspects of customer care, including repair service, consumer technical call center support and quality control for both Denon and Marantz.

Begala has an extensive background in consumer electronics, including seven years at Toshiba, where he directed all aspects of technical support and services, including training development, field service, product support and quality control. For the past seven years, Begala has been at Thomson/RCA, where he has held various management positions including manager of product technical services, business development, field service operations and general manager of customer loyalty.

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