D&M Holdings Inc. is discontinuing its Escient and Snell Acoustics lines to better focus on what it calls its core consumer brands, Denon, Marantz, McIntosh, and Boston Acoustics.
“During this transition, Escient will deliver necessary software upgrades for its existing products and will continue to support its dealers and customers by honoring warranty repairs and maintaining customer service,” the company said in its end-of-fiscal-year statement. “The advanced loudspeaker technologies developed at Snell…will be leveraged by other D&M brands.”
The company stated that it will be rolling out new products throughout the year from Denon, Marantz, McIntosh, and Boston Acoustics.
“D&M is well positioned for the new fiscal year, and we look forward to working closely with our loyal channel partners to deliver the best premium audio and video experience to end consumers, and to drive even more growth together in 2010, this 100th year anniversary of Denon,” the statement said.
D&M Holdings Inc. finished its fiscal year on March 31, 2010, reporting in its statement “significant improvement in profitability.”
“Across our regions, we have won awards for our new products, seen increased market share, strengthened relationships with channel partners, and improved our inventory management and operations, and we are now well positioned for further growth in fiscal year 2010,” the statement said.
The company says it plans to celebrate the 100th anniversary of Denon this year and will enhance its brands through investment in marketing programs and will bring a D&M presence to CEDIA EXPO in September.
“2010 will also see our company continue to invest in R&D, as we integrate new technologies in areas like streaming, networking, ease of use, and integration,” the company said.