Wednesday, 9 February 2000
Mackie Designs Inc and Eastern Acoustic Works Inc have announced that they have signed a non-binding letter of intent by which Mackie will purchase all shares of EAW. Mackie is well known as a manufacturer of pro audio systems for a wide range of applications, whilst EAW is recognised as one of the world's leading high-end professional loudspeaker design and manufacturing companies - in 1999 it recorded sales in excess of $40 million. Both sides point out that the majority of each company's day-to-day operations will remain separate, including product distribution channels. EAW will remain based in Whitinsville, its current corporate headquarters and manufacturing site.