MOJO MUSICAL SUPPLY ANNOUNCES THE ACQUISITION OF LOPO LINE, INC.
BURGAW, NC – January 16, 2012 – Mojo Musical Supply is pleased to announce an agreement to acquire Lopo Line, Inc., manufacturer of high quality boutique and stock amplifier cabinets, located in Apple Valley, California.
The Lopo Line acquisition will provide a west coast manufacturing and distribution presence for Mojo Musical Supply, currently one of the industry’s leading guitar and amplifier parts suppliers and amplifier cabinet manufacturers, headquartered in Burgaw, North Carolina.
Since 2007, Lopo Line, Inc. has offered amplifier cabinets with an emphasis on quality, competitive pricing, quick turnaround time, and excellent customer service, making such a merger a perfect fit for Mojo Musical Supply as they share those same business objectives and principles.
Mojo Musical Supply (www.mojotone.com) has been in business for nearly 20 years and currently manufactures amplifier cabinets for over 90 boutique amplifier companies. With the Lopo Line merger, that number will likely double.
Said, Michael McWhorter, CEO of Mojo Musical Supply, “This is the perfect opportunity for Mojo to provide faster customer service for our mid-west and West Coast customers and will give us additional capacity to meet the growing needs of amplifier manufacturers as well as the guitar player community.”
The Lopo Line, Inc. acquisition is expected to be completed by January 16, 2012.
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