Peerless, BBG Announce Merger
Peerless Industries announced Tuesday that it has reached an agreement to merge with BBG Distribution Ltd., a British distributor of European A/V attachment brands.
“This is an industry-defining model that demonstrates our passion for innovation -- our combined team, with over 400 employees, will be a powerful force for unparalleled product support and choices,” Peerless' president, Mike Campagna, said as part of the announcement. “Our expanded capabilities meet a wider set of customer needs, and leverage Peerless’ industry expertise along with our deep understanding of the marketplace."
The British company will keep the BBG name, and become a Peerless subsidiary.