Gordon Brothers Group Acquires Assets of Coby Electronics
Posted on August 30, 2013Gordon Brothers Group has acquired the assets of Coby Electronics. Coby Electronics offers lower-priced electronics. Some of its brands include Kyros tablets and Jammerz headphones. A Coby Kryos tablet and Jammerz pink earphones are pictured below. Coby has $400 million in annual sales. It was founded in 1991 and is headquartered in Lake Success, New York.
Gordon Brothers says it has acquired all inventory, fixtures, equipment, intellectual property, global trademarks and patents of Coby Electronics Corporation.
Robert Himmel, Co-President, Commercial & Industrial Division, Gordon Brothers Group, said in a statement, "As a niche market leader for over 25 years, Coby's brand recognition and wide array of products leaves it well-positioned to continue successfully serving consumers in search of electronics at a popular-price point. Our goal over the next few months is to transform the structure of the company allowing for a flow of new products into the marketplace in late 2013."