D&M Holdings Inc. Opens New US Headquarters in New Jersey
Pine Brook, N.J.- December 15, 2005 -- D & M Holdings Inc. (TSE II: 6735) today announced it will open a new headquarters building in Mahwah, New Jersey for the company's North American operations. The new state-of-the-art facility will feature an advanced product demonstration area and showroom.
The move, which will begin next year, is expected to be completed by April 2006, by which time all sales, marketing, service, finance and administrative functions for Denon and Marantz consumer operations in the U.S. will relocate to the new facility. The sales departments of Boston Acoustics, Snell Acoustics and Escient also will be based in Mahwah.
"This new facility is being designed to provide our company with ample space so we can continue our aggressive growth plans for D & M's current portfolio of brands and through the expansion of that portfolio in the future," said Vic Pacor, president and chief operating officer of D & M Holdings.
D & M Holdings will be the lead tenant and the company's name will be placed on the building's exterior. The office building, currently under renovation in preparation for this move, will also serve as the corporate headquarters for D & M Holdings U.S., Inc.
"We're looking forward to moving into this new facility, which will provide us with an ideal showcase for our high-quality products while also providing our employees with a superb place to work," said Bob Weissburg, President of D & M Holdings Sales and Marketing for North America. "The new headquarters will support D & M Holdings' continued growth in the Americas, and represents our strong commitment and a carefully planned strategic investment in our future."
In related news, D & M Holdings announced that consumer electronics veteran Michael Begala has joined D & M North America as Vice President of Service for the Denon and Marantz brands. He will be responsible for all aspects of Customer Care, including repair service, consumer technical call center support and quality control for both Denon and Marantz.
Mr. Begala has an extensive background in consumer electronics, including seven years at Toshiba, where he directed all aspects of technical support and services, including training development, field service, product support and quality control. For the past seven years, Mr. Begala has been at Thomson/RCA, where he has held various management positions including manager of product technical services, business development, field service operations and general manager of customer loyalty.
About D & M Holdings Inc.
D & M Holdings Inc. is based in Tokyo and owns the Denon, Marantz, McIntosh Laboratory, Boston Acoustics, Snell Acoustics, D & M Professional, ReplayTV® and Escient® brands. All are established brands in premium audio-video consumer electronics for the home, home theater, or auto as well as professional audio or networked digital entertainment markets.