Italy’s RCF Group has completed the acquisition of fellow Italian sound system manufacturer, Montarbo.
The incorporation of Montarbo into the RCF Group broadens the RCF product range in a market segment that is demonstrating strong growth. The acquisition follows RCF’s strategy of selective M&A activity focusing on iconic brands that leveraging the Group’s competitive positioning, together with its technical and commercial expertise, fully exploit the growth potential contributing to the Group’s progress and value creation.
‘Montarbo is an historic brand that has contributed to the evolution of the music and professional audio industry in Italy and around the world,’ says RCF Group CEO, Arturo Vicari. ‘For anyone who - like myself - has followed the development of this market over the years, elite brands such as Montarbo have a special significance and therefore represent a wonderful opportunity for us to increase the value of our group. RCF Group is one of the most dynamic organisations in the global professional audio industry, meaning Montarbo will be able to live up to its potential and continue to grow alongside us.’
From an operational standpoint, the brand’s running and distribution will be overseen by AEB Industriale.
More: www.rcf.it
