Console maker Solid State Logic and its subsidiaries up for sale
February 15, 2005
Solid Sate Logic (SSL), a manufacturer of large-format audio consoles for the music recording industry, has announced that it’s for sale.
According to a statement from the company’s headquarters in Oxford, U.K., the decision to sell SSL and its subsidiaries came following a dispute between stakeholders over development funding. The statement added that SSL Holdings Group hoped for a sale by March 31 and had received several offers. Existing shareholders may well re-bid for the business under a new financial structure. Grant Thornton UK have been retained as professional advisers by the shareholders of the group to assist and advise them on the sale of all the group’s share capital.
A confidential Information Memorandum is being issued to a restricted number of potential purchasers. The company continues to manufacture its product line including the C100 digital broadcast console and AWS 900 analogue workstation system.
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