Alfredo Macchiaverna, a well-known consultant in Reggio Emilia, the home of RCF for more than 50 years, has been nominated President of the Board, and will be representing the group of shareholders, while the Italian bank Banca Aletti will act as financial advisor to the business and has a representative on the new Board of RCF Spa.
Arturo Vicari commented on the acquisition: "We plan to start production at the beginning of January. As you can imagine we are already working night and day to restructure the company, we will be looking to get back some of the key people that left the company during the last few years in order to be able to return RCF to the prominent position in the market which it had held previously."
He added: "The obvious synergy between AEB (dB technologies - Vicari's existing business) will significantly increase the speed of the R&D to develop new products that should be ready for Frankfurt, where we expect to be able to have a Major impact on the market."
It has also been announced that Phil Price will be spearheading the UK sales operations. Phil Price commented: "I am really excited to be working again with Arturo . . . the RCF brand has been part of my life for over a decade. I am looking forward to renewing many long-established customer relationships."
We understand that Price will be handing over his responsibilities at KV2 Audio in the near future - see today's other news for the latest developments at KV2.
(Lee Baldock)
