Michigan-based Leon Speakers has acquired Terra Speakers, a Brunswick manufacturer of all-weather speakers, in a merger of the two companies that is expected to add dozens of products to Leon’s portfolio.
Terms of the acquisition were not disclosed.
The two companies stated in a news release that they have a long history of working together that dates back over a decade, noting that Leon President Noah Kaplan and Terra President James Banfield have worked together extensively on product development utilizing the capabilities of both companies’ workforce and facilities.
“We’ve been collaborating with Terra for years now and over that time we’ve found that our companies share a lot of the same core values and the common vision of creating high-performance, design-driven audio products that are made right here in America” said Kaplan. “We’re both passionate about art, music, design and craftsmanship, and Terra’s strong expertise in the outdoor market will be a huge asset to our company.”
Merger to benefit both companies
The acquisition will bring a whole host of new products to Leon’s current residential and commercial product lines, especially bolstering its outdoor audio offerings, the companies stated.
“The merger just made sense for us and for Leon,” said Banfield. “We are especially excited, as it brings Terra to a larger base of customers, reps and dealers. And it will mean that our collective products can continue to grow, while continuing to keep our operations here in the country. Both companies are able to assure quality because we make our products from start to finish right in house.”