Craig Electronics
 | |
| Company type | Private |
|---|---|
| Industry | Consumer Electronics Vehicle audio |
| Founded | 1963 |
| Headquarters | Miami, Florida, U.S. |
Key people | Michael L. Newman, President Joel Newman, Founder |
| Website | craigelectronics |
Craig Electronics is an American brand that specializes in consumer electronics, primarily sold at pharmacies, big-box stores and through online retailers.[1]
History
[edit]Craig Electronics was founded in 1963 as a manufacturer of home and car stereos. The company had many celebrity sponsorships for stereo systems, which included The Beach Boys, Ray Charles, Ringo Starr, and Emerson, Lake & Palmer.[2]
In 2001, the company was re-established as a manufacturer of low-cost consumer electronics, including MP3 players, netbooks, and speakers.[3] Craig also has a brand licensing deal to sell certain consumer goods under the Magnavox brand.[4] In 2013, Craig Electronics, along with Curtis International and ViewSonic were sued for patent infringement by MPEG LA.[5]
In 2003, the company's then-president, CEO, and chairman, Richard I. Berger, was found guilty of fraud.[6]
In 2015, Craig Electronics and Curtis International were sued by Seoul Semiconductors for patent infringement.[7][8]
In 2019, Craig Electronics was acquired by Nova Capital Management, and along with Shur-Line, Bulldog, and World and Main electronics, they now operate under H2 Brands group.[9]
In 2022, Craig Electronics was acquired by Newtech Holding from Nova Wildcat Fund. [10]
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A Craig audio system, 1970s -
Craig netbook running Android 4.0
References
[edit]- ^ "So you're back from CES. Was it worth it?". Fortune.com. Retrieved 15 December 2018.
- ^ "Our History". Craig Electronics. Archived from the original on 2020-06-22. Retrieved 15 December 2018.
- ^ "Bloomberg - Company Overview of Craig Electronics Inc". Bloomberg.com. Retrieved 15 December 2018.
- ^ "At CES, Licensing Stretches Brands in New Directions". Licensing.org. Retrieved 15 December 2018.
- ^ "Craig Electronics, Curtis International and ViewSonic Sued for MPEG-2 Patent Infringement". Businesswire.com. 1 August 2013. Retrieved 15 December 2018.
- ^ United States Securities and Exchange Commission (2003). SEC Docket: A Weekly Compilation of Releases from the Securities and Exchange Commission. The Commission. p. 370.
- ^ "Seoul Semiconductor Wins Patent Suits with American, Japanese Companies". Businesskorea (in Korean). 2015-12-09. Retrieved 2022-05-18.
- ^ 박한나 (2016-09-11). "Seoul Semiconductor sues Kmart for patent infringement". The Korea Herald. Retrieved 2022-05-18.
- ^ Management, Nova Capital. "Nova Capital Management Acquires Craig Electronics". www.prnewswire.com. Retrieved 2021-08-18.
- ^ Management, Newtech Holding. "NEWTECH HOLDINGS ACQUIRES CRAIG ELECTRONICS FROM NOVA WILDCAT FUND". www.prnewswire.com.
External links
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