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Some Runco Operations To Move

1/15/2008 07:49:00 AM Eastern

Beaverton, Ore. — Planar Systems executives said Monday they have notified Runco and Vidikron personnel that some of their operations in Union City, Calif., will be transitioning to Planar’s existing global facilities.

Planar, which purchased control of Runco International last May, said the decision was made after careful assessment and evaluation. The integration of resources is expected to bring increased efficiencies in operations and logistics to more rapidly deliver to all three brands in Planar’s Home Theater Business unit the benefits discussed at the time of the acquisition.

This includes a significant expansion of Runco’s international business.

A number of Runco’s support personnel will continue with the company, including founder Sam Runco, who remains as a key advisor; Bob Hana, worldwide sales VP for all three brands; Rick Bergamaschi, Greg Caves and others.

Other employees have been offered an opportunity to relocate to other Planar facilities. As this went to press, it was not known how many employees would not be staying.

In addition, Planar said it plans to open a new research and development center in Union City, and will not be leaving the San Francisco Bay area completely.