Gibson Buys Stake in Onkyo Japan and Majority Interest in Onkyo USA
NASHVILLE – Gibson Guitar Corp. announced a strategic partnership with Onkyo Corporation, saying Onkyo offers Gibson’s newly-formed Pro Audio Division substantial technology resources. Gibson, in turn, will provide Onkyo with its marketing resources and expertise. As part of the deal, Gibson will acquire a majority of Onkyo USA, which is Onkyo’s exclusive distributor for North America and a distributor for Central and South America. The move also makes Gibson the second-largest shareholder in Onkyo Corporation.
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