inMusic Inc., the corporate owner of 13 music, professional sound, and consumer electronics companies, today announced that co-founders Linda Arink and Dennis Bohn have agreed to sell Rane Corporation to inMusic. The transaction is set to be completed this summer, after which Arink and Bohn plan to retire.
Founded in 1981, Rane Corporation is well-known for its DJ and professional sound products, including DJ mixers, amplifiers, equalizers, networking products, and crossovers.
“Rane Corporation is a great addition to inMusic,” says Jack O’Donnell, CEO of inMusic. “Rane is a dynamic, esteemed audio brand focused on enhancing DJ performance and professional sound.”
“I am proud Rane is going to become a member of the inMusic family,” adds Linda Arink, Finance Director for Rane. “This is the perfect new home for our company, one that will embrace the legacy of our products and grow our business to its maximum potential.”
inMusic has told Canadian Music Trade that Contact Distribution will remain the Canadian distributor for Rane products.
For more information, contact inMusic Canada: 877-981-9910, www.inmusicbrands.com.