D’Addario Announces Purchase Of ProMark
D’Addario Poised To Finalize Acquisition Of ProMark
By Andy Doerschuk Published December 17, 2010
They still need to cross a few Ts and dot a few Is, but the ink is all but dry on the deal for D’Addario to acquire ProMark. Some folks might not have noticed, but the Long Island-based D’Addario – originally known as a guitar string manufacturer – has steadily bought properties within the drum and percussion sector for more than a decade, beginning with Evans drumheads, and followed by HQ Percussion and PureSound Percussion brands.
“We are fortunate to have the opportunity to purchase a company with such a deep history and prominent position in our industry,” states Rick Drumm, D’Addario’s President. “Much like we have done with our Evans and Rico product lines, we plan to evaluate Pro-Mark’s present capabilities in order to advance its manufacturing operations to state-of-the-art levels. Upon execution of our future agreement, D’Addario’s team of LEAN manufacturing experts will immediately begin a LEAN transformation at the company’s Houston facilities. The changeover to a LEAN culture, coupled with D’Addario’s extensive engineering, marketing, and distribution resources, will afford Pro-Mark new growth opportunities.”