Milestone AV Technologies, manufacturer of Chief and Sanus brand AV mounting and display solutions, and Da-Lite Screen Company, manufacturer of Da-Lite, Projecta and Procolor brand commercial and residential projection screens, just announced a pending merger of the two companies.
"We are pleased to announce the combination of these two great companies," said Scott Gill, CEO of Milestone AV Technologies. "Through the strength of this combination, we will be able to offer a more comprehensive product line to our joint customers, open up new sales channels for our brands, and provide growth opportunities for our employees. We look forward to expanding our reputation for innovative products and market-leading customer service."
Milestone was formed from the merger of Chief Manufacturing and Sanus Systems in 2004. Da-Lite will continue to be based in Warsaw, Indiana as an operating subsidiary of Milestone, under the leadership of current Da-Lite President Richard Lundin.
"Da-Lite has a 100-year heritage of product innovation in the AV market," added Lundin. "Combining Da-Lite and Milestone allows us to continue our commitment to innovation while bringing the benefits and enhanced opportunities of increased global scale to our customers and employees."
A definitive merger agreement has been signed, and the transaction is expected to close within the next 30 days.