Tracoman and Coemar Announce Acquisition
Tuesday, 18 September 2001
Tracoman Inc, a Stanton Group subsidiary and a professional lighting industry market leader in North and South America, and Coemar Spa, a world-leading manufacturer of automated lighting fixtures based in Castel Goffredo, Italy, has announced an agreement in principle whereby Tracoman will acquire a controlling interest in Coemar.

Gerald Cohen, CEO of Stanton Group, said: "We recognized the unique and special talents within Coemar early on and have worked diligently since the beginning to get this deal done. Coemar and Tracoman have seen tremendous growth in the past 24 months. The unity of talents and synergy of the combined businesses will help to fuel further growth in the coming years. The extraordinary talents of Coemar’s founder will greatly benefit the combined group in the future."

The agreement will allow the current management of Coemar to run their operations while Tracoman will provide the expertise to enhance the company’s marketing, distribution and research and development capabilities needed to develop growth. Bruno Dedoro, founder and president of Coemar, told us: "I have really enjoyed working with Tracoman over the past two years. I have learned a side of the business that I never knew. I look forward to being a part of this team for many years to come, while co-operating to give Coemar the market share it deserves. This business combination will allow me to spend more time developing the best lights in the world, while our new partner will take care of the sales and marketing they are known to do so well."

Gerard Cohen is the principal shareholder and CEO of the Stanton Group, parent company of Stanton Magnetics Inc, KRK Systems, and Tracoman Inc, a global manufacturer and distributor of high end, state-of-the-art, studio monitors, sound mixers, phono cartridges, sound processors, studio accessories, CD players and turntables. Tracoman Inc distributes Coemar’s top quality entertainment lighting products which are currently being used by several major recording artists, including Madonna, Britney Spears, Christina Aguileira, Sarah Brightman, N-Sync, Backstreet Boys and The Eagles.

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