JULY 11 I INMUSIC I PURCHASE
inMusic to Acquire Rane
Rane co-founders Linda Arink and Dennis Bohn have agreed to sell the company to inMusic. The transaction is scheduled to be completed this summer. After the sale, Arink and Bohn plan to retire.
Founded in 1981, Rane develops and manufactures products for the DJ and professional sound markets.
"Rane Corporation is a great addition to inMusic," said Jack O'Donnell, CEO of inMusic. "Rane is a dynamic, esteemed audio brand focused on enhancing DJ performance and professional sound."
"I am proud Rane is going to become a member of the inMusic family," said Linda Arink, finance director for Rane. "This is the perfect new home for our company, one that will embrace the legacy of our products and grow our business to its maximum potential."
inmusicbrands.com
rane.com
|