Reggio Emilia, 4th September, 2018
RCF Group, one of the fastest growing groups in the Pro Audio market, today has announced that it is acquiring Eastern Acoustics Works (EAW), an iconic company in the history of Install and Touring sound headquartered in Boston, from LOUD Audio LLC, a portfolio company of Transom Capital Group.
RCF Group, with offices in Reggio Emilia and Bologna, operates under the companies RCF and AEB Industriale (dB Technologies) and is now adding EAW to further become an international leader in designing, producing and selling products and systems for professional audio and public address installations.
Arturo Vicari, CEO of RCF Group stated:
"since their early days, the two companies have been very close, with RCF supplying professional drivers to EAW. Both brands successfully expanded around the world, and their histories were often linked. Finally, we can look at a bright future together. Even though EAW will remain an entirely independent company, being part of our group will provide EAW with the necessary investment and focus for fast and substantial growth. We are very proud to have EAW with us".
TJ Smith, President of EAW, stated:
"For those who love EAW, it is difficult to imagine a better scenario. From the first moment, this possibility started to materialise it has been clear that joining forces with RCF Group is an excellent opportunity for EAW. This transaction is an accurate recognition of what the brand represents, its potential, as well as the team we have built over recent years. With gratitude to the long list of those that made EAW over its 40-year history, we look forward to the exciting time in front of us".
