QSC acquires Ultra-Stereo Labs5 October 2016
QSC, LLC has purchased cinema equipment manufacturer, Ultra-Stereo Labs, Inc. (USL), with the acquisition effective as of 30 September. The move will allow QSC to offer AV processing and B-chain solutions under the QSC and USL brands for the motion picture exhibition industry.
“As the first major acquisition in the nearly 50-year history of our company, we naturally wanted to find a company that would be an excellent strategic fit for QSC,” said Jatan Shah, chief operating officer of QSC. “We recognise the many valuable contributions that USL has made to the cinema industry over the years, and are confident that the integration of the two companies will provide an even more powerful total value proposition for our customers. The two companies are complementary in terms of product offering and how we view our commitment to the customer.”
Barry Ferrell, QSC’s chief strategy officer and leader of the cinema business unit for the company, stated: “While there is certainly overlap in our domestic distribution channel, the breadth and depth of the QSC international distribution network will significantly expand the combined QSC/USL global footprint. And while the product catalogues have some areas of overlap, for the most part the catalogues are extremely complementary, allowing QSC to offer an unprecedented and comprehensive range of cinema solutions.”
“I can think of no better company in the cinema industry to turn over the stewardship of the USL brand than QSC,” said Jack Cashin, USL founder and chief product visionary. “We are so pleased to finalise this agreement, and look forward to an amazing future together.”
Picture: The Square One, Coventry University – Saville-AV