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Runco sells out to Planar

May 24th, 2007 · No Comments

US display company Planar has purchased high-end home cinema specialist Runco International, which also sells projectors under the Vidikron brand. In a statement, Planar says ‘This acquisition combines Planar Systems specialty display heritage and technology expertise with Runco’s proven brand prowess in the custom high-end channel. Planar is not looking to replace Runco, Vidikron or Planar’s own brand, but to strengthen all three in the specialty home theater and custom integrator space.’
Planar paid 36.7 million dollars in cash for the company.

Tags: Corporate · Home cinema · Trade

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