D&M Holdings Inc. Completes Acquisition Of McIntosh Laboratory, Inc.

2-Jun-03

D&M Holdings Inc. (TSE II: 6735) announced that it has completed the acquisition of McIntosh Laboratory, Inc., an ultra-premium brand in home entertainment systems. D&M Holdings announced on March 11 plans to acquire McIntosh from Clarion Co. Ltd., a leading manufacturer of home audio electronics and car audio. McIntosh, based in Binghamton, New York, designs and manufactures high-end audio, home theatre, multi-room systems, loudspeakers, and car audio products. The McIntosh brand has a well-known reputation for quality, high performance, hand craftsmanship, and customer support and service.The McIntosh brand, along with its sales and marketing operations, will be maintained as a standalone operation.D&M Holdings Inc. is based in Tokyo and is the parent company of wholly owned subsidiaries Denon Ltd. and Marantz Japan, Inc. Through Digital Networks North America, Inc. (DNNA), D&M Holdings owns the ReplayTVÆ, RioÆ, and Escient brands. Additional information is available at www.dm-holdings.com.

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