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Fine Sounds SpA Acquires Sumiko

7/05/2011 02:56:09 PM Eastern

Berkeley, CalifF. - Fine
Sounds SpA, owner of Sonus Faber, Audio Research Corporation and Wadia Digital,
announced today that it has acquired high-end audio distributor Sumiko, based
here.

The cost of the
transaction was not revealed.

Current Sumiko owners
Donald Brody and John Hunter will take seats on the board of Fine Sounds SpA.

Sumiko will
remain the exclusive North America distributor for all its existing lines:
Sonus Faber (loudspeakers), REL (sub-bass systems), Pro-Ject Audio Systems
(turntables and electronics), SME (turntables and tonearms), Sumiko Phono Cartridges
and Okki Nokki (record cleaning machines).

The REL and Wolf
Cinema brands are still owned by Donald Brody and John Hunter. While REL enters
into an

agreement to be distributed by Fine Sounds globally, Wolf Cinema will
remain independent.

Mauro Grange, the
new Sumiko president, remarked, "Fine Sounds views both the U.S. and China as
top priority markets. Direct distribution in China is currently managed through
Sonus Faber Asia, and with the Sumiko acquisition, we now realize direct
distribution in North America."