Petaluma, Calif.-based Panamax has acquired Furman Sound Inc., developers of audio and video signal processors, and AC power conditioning and distribution products. Terms of the agreement were not disclosed.
Panamax President Bill Pollock said, "We believe that the advantages of a strong group, especially one with world-class engineering and electronics manufacturing operations, will increase our ability to bring new and innovative products to our global customer base."
Furman was founded in 1974 and built the company on its sales of audio and video signal processors for professional audio/video products. The company branched out in 2001 to include its CE line of AC power management products specifically engineered for home theater systems.
Panamax makes a wide range of power conditioning products for home theater electronics. The Max home theater component family of products, including Max In-Wall, is its flagship line. It is a privately held company owned by Carlsbad, Calif.-based Linear LLC, a subsidiary of Nortek Inc.
"Our technologies and products are very complementary, and that means we will be in a position to give our customers exactly the right solutions for their particular needs," said Dave Keller, executive vice president of sales and marketing for Furman. "The bringing together of Furman and Panamax is a perfect marriage."
