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Russound Pulls the Plug on Colorado vNet

December 30, 2010 by Ted Leave a Comment

Colorado Town Council Plans Lawsuit

Russound Logo<December 29, 2010> In a move that will not surprise many in the industry, Russound has decided to close Colorado vNet fourteen months after purchasing it in October 2009. The move appears to be related to a breakdown in negotiations with the town of Loveland, Colorado which had provided the company’s previous owners with $900,000 in incentives to move operations there…and had renegotiated a $500,000 deal with new owner Russound. [Read more…] about Russound Pulls the Plug on Colorado vNet

Filed Under: Industry Trends, Law, Management, Manufacturers, News, Pivot Point, Specialty, Strategy Tagged With: Charlie Porritt, Colorado vNet, economic development, Longmont, Loveland, Petro Shimonishi, Russound, taxpayers

Russound Hopes to Beat the Odds with Acquisition of Colorado vNet; But Some Question Deal

October 8, 2009 by Ted Leave a Comment

Colorado vNet Building
Colorado vNet Facility in Loveland, CO

<October 7, 2009>Newmarket, RI-based Russound announced this past Monday that it had signed a letter of intent to purchase recently shuttered Colorado vNet in a deal for which terms were not disclosed and that is expected to close by the end of October. The deal was a surprise to many in the industry as Colorado vNet recently announced the collapse of discussions with multiple potential suitors causing the company to cease operations, lay off staff, and close their doors in late September. [Read more…] about Russound Hopes to Beat the Odds with Acquisition of Colorado vNet; But Some Question Deal

Filed Under: Brands, Industry Trends, Management, Manufacturers, News, Pivot Point, Specialty, Strategy Tagged With: acquisition, Charlie Porritt, Colorado vNet, Robert Holthausen, Russound, University of Pennsylvania, Wharton School of Business

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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