Peter Tribeman, the president of Atlantic Technology International, one of the nation’s most respected manufacturers of home loudspeaker systems, announced the company’s acquisition here today by The OAC Group, a strategic management and consulting firm headed by Oscar A. Ciornei, principal and founder. Atlantic Technology is located in Norwood, MA, and the OAC Group is based in Portsmouth, NH.
“This acquisition presents an incredible opportunity for the expansion of Atlantic Technology into new technologies and product categories,” said Mr. Tribeman. “The OAC team and Atlantic Technology staff will combine forces to accelerate this process, and our loyal dealers will soon have access to resources that are sure to expand their business.”
Since its founding in 1989, Atlantic Technology has been organized as a closely held corporation, with Avi Shapira as Chairman, and Mr. Tribeman as President. Under the new organization, Mr. Ciornei will assume the position of CEO and Mr. Tribeman will become Chairman of the Board.
“Atlantic Technology is a company I have admired for many years,” said Mr. Ciornei. “It has a pristine reputation for quality and superb engineering, but most of all for the high value of its products. Peter Tribeman and his group have done an exceptional job at bringing the brand and its technology to the market. The OAC Group’s intention is to diversify this great name and capitalize on the ‘Technology’ name by introducing products in the audio/video connectivity category. The OAC staff, along with our consultants, is eager to integrate our ideas with Atlantic Technology’s talented team.”
From the start, Atlantic Technology has been one of the most highly regarded companies in the home theater industry. Specializing in complete high performance multi-channel speaker systems and home theater electronics components, all Atlantic Technology speaker systems are designed and engineered as integrated multichannel ensembles, and hand assembled at the company’s Norwood, MA facility. These systems are tailored and tuned to provide a seamless and startlingly realistic soundstage for multichannel music and home theater.
The OAC Group is a consortium of management and strategy consultants who help companies in the audio/video business to conceive and implement corporate strategy, and provide the key elements needed for their long-term growth. The OAC team of consultants, engineers, marketing professionals, and management advisors, provide services in the areas of product development, marketing, manufacturing, management, and operations, all geared to maximizing their clients’ market share and company value.
The OAC Group is led by Oscar Ciornei, a thirty-year veteran and recognized leader in the consumer electronics industry. He has consulted with dozens of companies and has sat on a number of boards. Ciornei was most recently responsible for building Russound from a fledgling company to one of the industry leaders in the home audio/video connectivity business. “We try to move people to a place where it makes sense to act,” said Ciornei, …Change does not have to be regimented or pedantic… this can only be accomplished through easily understood actions and senior management support.”
However, Accuphase engineers and designers have not been wasting time! At the Consumer Electronics Show (CES) in Las Vegas (Jan. 9-14), Accuphase will launch its new VX 700 A/V control center ($19,500 US), alongside the CX-260 preamp ($7,500 US), and the PX-600 6-channel power amp ($10,000 US).
MartinLogan
Exstreamer is now available online through Barix’s U.S. Master distributor,