Importer Reference Sounds wanted to share the complete story surrounding the acquisition of Audio Research. Of course, they can!
Reference Sounds likes to share the “complete story” with customers and the world regarding the acquisition of Audio Research. Who are we to say no to that? In short, according to the importer, here are all the developments summarized:
“Dear friends of Audio Research,
We recently informed you that Audio Research was facing challenging times. Due to management issues, Audio Research voluntarily chose to transfer its assets to a curator in early April 2023. However, behind the scenes, it was business as usual. We continued to receive ordered products and parts, provided full support, and worked on a software improvement for the I50. Now, we are pleased to announce that Audio Research has a new owner and is back on track, following the same trusted course!
These kinds of situations are never pleasant. They cause unrest and uncertainty. At the same time, it’s not unusual to experience a downturn occasionally in 53 years of High Fidelity. However, Audio Research’s choice was voluntary and with one goal in mind—to continue building the finest audio products under new ownership. The new owner is Valeria Cora, founder and CEO of Acora Acoustics Corporation, a specialized speaker manufacturer from Canada with a rich history and, more importantly, experience in the production and promotion of High-End Audio. Valeria Cora, along with his independent company AR Tube Audio Corporation, will work closely with the established Audio Research team to shape the future. They are dedicated to continuing the path set 53 years ago by William Z. Johnson.
The goal of Audio Research is simple yet deeply rooted: to develop uncompromising audio products while preserving Audio Research’s intrinsic values that are synonymous with this prestigious brand and its exquisite musical character.
Under the passionate leadership of Valerio Cora, with key individuals such as Warren Gehl and Dave Gordon, who have Audio Research flowing through their veins for years, that is exactly what will happen. We have full confidence that Audio Research, as one of the most iconic High-End Audio brands, will continue to delight us with the finest products. They remain faithful to the man who started it all, embracing innovation and technology while staying true to the essence of Audio Research!“