Garrett still hasn't said exactly what it'll be doing with Whites detectors? Kind of seems strange to me.
Garrett Announces Acquisition
Garland, TX, October 16, 2020 /PRNewswire/ -- Today, Garrett Electronics, a design and manufacturing company specializing in sport and security metal detectors, announced the acquisition of certain assets of Whites Electronics.
Whites, who had been in business since 1950 as a premier manufacturer of metal detection products, announced the suspension of operations on June 18, 2020 in a memo to its dealers. Whites founders, Kenneth and Olive White, built their business the same way Garretts founders, Charles and Eleanor Garrett, did, by innovating and committing to producing high quality products in the United States. Whites current principals, Kenneth R. and Mary White, are choosing to fold the Whites legacy in with Garrett Metal Detectors as a way of extending their Made in the USA tradition.
Garrett CEO Steve Novakovich commented, The White family and the Garrett family have had a high level of respect for one another as competitors in the sport market for decades. Now we at Garrett are proud to combine our respective legacies as Garrett continues on as the premier American metal detector company.
The transaction includes Whites trademarks, intellectual property, tooling, and other assets. It does not include Whites real estate in Oregon or Scotland. Garrett intends to rigorously defend all of Whites trademarks, patents, and other IP wherever infringement may occur.
Novakovich continued, Garrett recognizes that the Whites brand has a loyal following in the US and around the world. We are pleased to welcome those customers to Garrett, and we hope we can earn your future business.