QSC acquires USL to offer a more complete cinematic portfolio
WORLD: QSC LLC has acquired Ultra-Stereo Labs, Inc (USL) in a move that will enable it to target the cinema industry with catalogue of audio-visual processing and B-chain solutions under both brands names. This is the first time that QSC has acquired another business of this size and scale and both companies are well entrenched within the global cinema market.
‘As the first major acquisition in the nearly 50-year history of our company, we naturally wanted to find a company that would be an excellent strategic fit for QSC,’ explained QSC COO Jatan Shah. ‘The two companies are complementary in terms of product offering and how we view our commitment to the customer. We recognise the many valuable contributions that USL has made to the cinema industry over the years and are confident that the integration of the two companies will provide an even more powerful total value proposition for our customers.’
‘I can think of no better company in the cinema industry to turn over the stewardship of the USL brand than QSC,’ stated USL founder Jack Cashin, who will remain a part of the product development team for the USL brand. ‘We are so pleased to finalise this agreement, and look forward to an amazing future together.’
‘While there is certainly overlap in our domestic distribution channel, the breadth and depth of the QSC international distribution network will significantly expand the combined QSC/USL global footprint,’ concluded Barry Ferrell, QSC’s chief strategy officer and leader of the company’s cinema business unit. ‘For the most part the catalogues are extremely complementary, allowing QSC to offer an unprecedented and comprehensive range of cinema solutions.’