Loud Technologies has sold its SLM Marketplace catalogue, accessories distribution business and certain brands to St Louis based US Band & Orchestra Supplies.
The sale encompassed the St Louis Stage Gear, Austin guitar and
Knilling Instruments brands and includes the transfer of the exclusive worldwide sales
licence for the Perfection Peg stringed instrument tuning device.
“The SLM Marketplace
sale, a non-core business unit and product lines, will enable Loud to
dedicate its resources and solidify its leadership positions in the musical instruments and
professional audio markets. Moreover, U.S. Band & Orchestra Supplies is the ideal
new owner for SLM Marketplace, Austin and Knilling, since they will ensure
that our dealer network for these products will continue to receive the
highest levels of service and support,†said Rodney Olson, president and CEO, Loud Technologies.