Marshall Acquired by Zound Industries
Marshall Amplification is being acquired by Zound Industries, a Swedish company that owns adidas and previously licensed Marshall brand speakers.
From the Zound Industries website:
Under the terms of the deal, Zound Industries will acquire Marshall Amplification and the Marshall family will become the largest shareholder of the newly formed Marshall Group. The deal includes all of Marshall Amplification brands and subsidiaries, including Natal Drums, Marshall Records, and Marshall Live Agency.
The deal creates a group with double-digit profitability. Currently, Marshall Amplification employs 200 people at its Milton Keynes HQ and a further 300 at a Vietnamese manufacturing facility. Meanwhile, Zound has around 280 employees working at its Stockholm HQ.
The Marshall Family will own 24% of the newly formed Marshall Group. Victoria and Terry Marshall – heirs of legendary “Father of Loud” Jim Marshall (d. 2012), who founded the company with his son Terry in 1962 – together with Jim’s granddaughter Joanne Marshall-Price, Paul Marshall and the Marshall Charitable Trust will play key roles within the new entity to ensure the legacy of the famous Marshall sound and brand. Terry and Victoria Marshall will join the board of Marshall Group.
Terry Marshall comments: “Since my father and I created the original Marshall amp back in 1962, we have always looked for ways to deliver the pioneering Marshall sound to music lovers of all backgrounds and music tastes across the world – and I’m confident that the Marshall Group will elevate this mission and spur the love for the Marshall brand.” Victoria Marshall continues: “With Marshall Group, the potential to further impact an ever-modernising music industry is a highly genuine one. Together, we will preserve the Marshall legacy and shape the future of ‘Live Loud’. Having worked alongside my father during his later years, I know he would be excited at this direction and the potential to reach a larger worldwide audience with innovation and passion which he always had in spades.”