D’Addario & Company, Inc., the world’s largest manufacturer of strings for musical instruments as well as numerous other high-quality musical accessories including Evans Drumheads, HQ Percussion and PureSound Percussion, plus Pro-Mark Corporation, manufacturer of first-class drumsticks, brushes, mallets and other percussion accessories, are close to finalizing the terms relating to D’Addario’s proposed purchase of the 53-year old drumstick company. D’Addario and Pro-Mark hope to execute the purchase contract by year’s end."This is a key strategic add-on acquisition for us. Pro-Mark’s brand would be a natural complement and extension to D’Addario’s line of products. Furthermore, this potential acquisition provides further diversification of our product offering and would reinforce our commitment to expanding our manufacturing footprint here in America.”
Maury Brochstein, Pro-Mark’s Chief Executive Officer, explains how the sale of family-owned business Pro-Mark to the D’Addario family is practical on both a personal and professional level:
"Finalizing this deal with D’Addario will ensure that Pro-Mark’s rich history of creating exceptional products will carry forward into the future with a company famous for its dedication to product innovation and quality. Our customers will also benefit from D’Addario’s unparalleled customer service. This is a win-win situation for all parties."
Rick Drumm, D’Addario’s President, states his plan to evaluate Pro-Mark’s present capabilities in order to advance its manufacturing operations to state-of-the-art levels:
"Upon execution of our future agreement, D’Addario’s team of LEAN manufacturing experts will immediately begin a LEAN transformation at the company’s Houston facilities. The changeover to a LEAN culture, coupled with D’Addario’s extensive engineering, marketing, and distribution resources, will afford Pro-Mark new growth opportunities."
