Lenbrook Group adds NAD to Roster
Toronto-based Lenbrook Group announced earlier this month that it had acquired NAD Electronics from AudioNord International, a Scandinavian organization that has owned the brand for most of this decade. The deal is expected to close next week, on May 3. Lenbrook will take over NAD's worldwide marketing and distributorship, but AudioNord will continue to market the brand in Holland, Belgium, Luxembourg, Germany, and Scandinavia. Other joint marketing ventures will follow, according to Lenbrook's public relations agent.