Altec Lansing is calling it quits as a stand alone company. The maker of portable and powered audio systems today announced in a joint press release today that they were being acquired by headset manufacturer Plantronics in a $166 million deal.
Once the acquisition is complete, Altec Lansing will become a wholly-owned subsidiary of Plantronics. They will remain headquartered in Milford, Pennsylvania. Bob Garthwaite, who has served as senior vice president of marketing and sales for Altec Lansing, will become president and CEO of Altec Lansing after closing of the agreement.
