Klipsch Group Acquires API
On August 15, Klipsch Group, Inc. announced the acquisition of Canadian firm Audio Products International Corp. (API), one of the largest speaker manufacturers in the world. API, which makes loudspeakers under the Mirage, Energy, Spherez, Sound Dynamics, and Athena Technologies brands, was founded in 1973 and is sold in over 50 countries worldwide. Klipsch, which makes speakers under the Klipsch marque as well as Jamo, was founded in 1946 by legendary speaker designer Paul W. Klipsch and has become "the largest stand-alone speaker manufacturer in the US."