VOXX International Corporation Agrees to Acquire The Home Audio/Video Business of Onkyo Home Entertainment Corporation

VOXX International Corporation announced that it has signed a Letter of Intent to acquire the Home Audio/Video business of Onkyo Home Entertainment Corporation, along with Sharp Corporation as its partner. VOXX and Sharp have been granted exclusivity while discussions remain underway. VOXX had recently been confirmed as the exclusive distributor in the Americas of the Onkyo brand.

VOXX International Corporation announced it has changed the legal name of its wholly owned subsidiary from Klipsch Holding, LLC to Premium Audio Company, LLC. This move is a result of the company's growing global brand portfolio and the recently announced distribution alliance with Onkyo & Pioneer Corporation. VOXX International is active in automotive, consumer electronics and biometrics industries, both as a manufacturer and distributor.

VOXX International Corporation, the manufacturing and distribution group of automotive, consumer and biometrics technologies and owner of Klipsch, among several other brands, announced an expanded alliance with Onkyo and Pioneer Corporation, which adds the two premium brands and new product lines in the Americas. This agreement follows the termination of the efforts by Sound United to acquire Onkyo Corporation’s consumer audio division in 2019.