HomeVideo Savant Runco International Sold to Planar Systems for $37m
Runco International Sold to Planar Systems for $37m
Video Savant Blog -
Display Technology
Written by Video Savant
Thursday, 24 May 2007
Sam Runco is widely credited for creating the term "home theater," and he actually owns the trademark on that bit of verbiage, at least in the state of California.
So then, even though it sounds like Sam will continue to be involved in the Runco business after the sale closes, it is still a bit sad to hear the news that he's selling the company he founded 20 years ago.
Commercial and high-end home theater display manufacturer Planar Systems Wednesday acquired elite home theater display manufacturer Runco International for $36.8 million in cash, Scott Hicks, Planar home theater display group president said.
Runco, a privately held company, has been positioned as the market share leader in the ultra-high end home theater display business, and has expanded its distribution in recent years through the acquisition and development of the Vidikron brand.
Sam Runco's impact goes well beyond being the first to see the tremendous commercial potential in making the "theater experience" accessible to consumers at home. The innovations fostered by his company and its dedication to producing the best possible quality has benefited anyone who enjoys home theater, regardless of whether they've owned, or even seen, a Runco product.
Though I've never met the man, Sam Runco is one of the people I feel like I "owe" for the opportunities he's created in the home theater field for people like me. So, I wish him well on the sale of his business and hope that it leads to even greater things for Sam and his family, for the company and its employees, and for its dealers and customers around the world.
Video Savant 
TrackBack URI for this entry
Show/Hide comment form
