Studiomaster UK and Studiomaster Inc. Break Ties

Sep 27, 2001 12:00 PM, Editors


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The 11-year manufacturing partnership between Studiomaster UK and Studiomaster Inc. (the U.S. subsidiary) has been severed due to ongoing disputes and irreconcilable differences, as reported by Jim Giordano who heads the U.S. division.

"Negotiations are currently underway with six new manufacturing concerns to pick up production of the existing product range as well as a host of brand-new product introductions," commented Giordano. "Unfortunately, with the lack of available product, Studiomaster UK and Studiomaster Inc. have been negatively impacted and have had to temporarily suspend normal business operations."

At press time, the principals of Studiomaster UK, along with the R&D team, are undertaking a total reorganization of the company and plan to re-open in early November. As for Studiomaster Inc., plans include staying open, with sitting management running the day-to-day operations.

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