iPod Accessories News Round Up - 7/3/2008
Thursday, July 3rd, 2008XtremeMac acquired by Imation
Imation Corp., which develops, manufactures, and sells various electronic iPod and iPhone accessories under the Memorex brand, today announced its acquisition of Xtreme Accessories (XtremeMac) for a purchase price of $9 million. XtremeMac was one of the earliest developers of iPod accessories, but appeared to have struggled in recent months with iPhone compatibility, substantial release delays, and uncertainty as to whether prior products would come back into stock.
Commenting on the transaction, Frank Russomanno, Imation’s President and Chief Executive Officer said: “With the acquisition of XtremeMac, Imation has added a brand recognized and respected by Apple enthusiasts and one that enhances our portfolio of products serving the growing market for consumer electronics related accessories.”
