Beale Street Audio acquires BMB Electronics
WORLD: US speaker manufacturer Beale Street Audio has announced the acquisition of Netherland-based international distributor BMB Electronics. The manufacturer hopes to ‘invigorate’ the 25-year-old company with fresh capital, dealer resources and a renewed focus on distribution goals. BMB will serve as the main Beale Street Audio distribution centre for territories including Europe into the Middle East and Africa. Beale has additional distribution deals in place to cover Australia, China, India, and New Zealand, which will be serviced directly out of Hong Kong.
The acquisition is part of an international growth strategy that will integrate with the Beale’s new China warehouse to form a global presence. It will also build on a new international distribution partnership with Universal Remote Control, Inc (URC).
‘With BMB as our European base, we can more efficiently and effectively support international clients with faster shipping times, easier access to products, dealer training and sales support,’ said Jim Murray, managing director, Beale Street Audio. ‘By controlling the distribution hub, we can also run leaner and build a closer connection with customers because we own the business, the building and the relationships. One of the aims is to increase service levels for our customers. In a time where competition is huge and technology is changing, we want to offer our customers more attentive service to make their lives easier.’
‘Our goal is not to just sell products and increase the efficiency of our supply chain,’ he furthered. ‘We want to be a true partner that helps dealers build stronger, better businesses, so a lot of effort is going into improving online resources and creating as strong a portfolio as possible.’
The manufacturer intends to retain all current BMB employees and continue to support partnerships with existing lines, including Amina, ebode, Terra and URC. The initial Beale products offered through BMB Electronics include 4-, 6.5- and 8-inch in-ceiling speaker models, 4- and 6.5-inch in-wall speaker models, angled in-ceiling and dual voice coil models, 6.5 and 8-inch in-ceiling subwoofers and 70/100v in-ceiling speakers for commercial applications.
‘The acquisition of BMB gives Fulmer Companies (owner of Beale Street Audio) an existing distributor in the home installation industry through which it can offer its Beale Street Audio products along with the great product lines that BMB already distributes. The warehouse and staff in Veen are an excellent platform on which to build European distribution for Beale Street Audio. For BMB, the new ownership enables the company to enhance its successful distribution business with an innovative, new speaker line,’ said Arthur Fulmer, chairman of the Board for Fulmer Companies. ‘BMB customers will continue to enjoy the consistent, reliable service, knowledge and products that they've come to expect from BMB for many years enhanced with Beale Street Audio in the warehouse.’