Please ensure Javascript is enabled for purposes of website accessibility

A Florida Music Company Looks to Buy NEMC

QRS Music Technologies has signed a letter of intent, giving it an option to purchase the Mountainside-based company.QRS Music Technologies, today disclosed that it signed a letter of intent on Feb. 10 with Mountainside’s National Education Music Co. (NEMC) and its shareholders to potentially purchase the New Jersey-based company in the coming months.

The agreement, filed today with the SEC, grants QRS exclusive rights to negotiate an acquisition for a period of 120 days. Financial terms of the potential acquisition of NEMC, a privately owned distributor of band and orchestral instruments, were not disclosed.

Founded in 1900, QRS Music Technologies in Naples, Fla., designs, makes and distributes pianos, piano-based audio and multimedia products, and music and piano accessories.

NJBIZ Business Events