Gibson Guitar Corp. announced last Friday morning at 4:00AM EDST that it would acquire a controlling interest in Japan’s Teac Corp, extending it’s entré into consumer electronics market via newly affordable, if struggling, Japanese companies. Last year, Gibson took a significant minority stake in Onkyo Corp., and additionally purchased a majority share of Onkyo’s American subsidiary, Onkyo USA. Teac, with both a consumer business under the Teac and Esoteric brands, and a professional business under the Tascam brand, broadens Gibson’s consumer and pro initiatives.
<March 28, 2012> Earlier this month, the ALERT reported that ex-D&M President Bob Weissburg had joined Gibson Guitar as its global executive vice president. While Weissburg was said to have responsibilities over the entire organization, his focus is primarily on Gibson’s audio and pro businesses which are growing largely as the result of several acquisitions by the company, including Onkyo’s U.S. subsidiary, Onkyo USA. [Read more…] about Gibson Guitar’s Weissburg Gives the ALERT a Status Update
<January 22, 2012> Just days after news reports of the formation of a strategic partnership between Osaka, Japan-based Onkyo Corporation and Nashville, Tennessee-based Gibson Guitar Corporation – a new report by the Nikkei says that Onkyo has now formed yet another new strategic partnership with Teac Corporation. While details are sketchy, apparently the two reached an agreement this past Friday, January 20th. [Read more…] about Though Ink Not Yet Dry on Gibson Deal, Onkyo Launches Another Partnership with Teac