Yes, I thought that was already known.
Krell Moves to new location
Here is the old location https://sentrycommercial.com/industrial-building-sold-for-2-2m-in-orange/
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Apparently while CT is resolved the conflict is not. A family holding company, J.F. Bicking, owns 30% and has tried to buy the 70% his son holds. If Bicking cannot buy him out, then Bicking is going to want the value of 30% of the company, and that, I would assume is the sticking point. What is the value of the company? Krell is said to have more debt than assets, so it is mystifying as to what value there may be; if any at all. It would seem plausible that since the son has control to do what he wants, he has put the company out to the highest bidder and Bicking is going to walk away with 30% of that paltry figure. Harman or Bose would seem to be a feasible landing spot but there may be some guy on Wall Street with a Krell Amp at home who wants to retire and requires a project that he can get passionate about. Free audio equipment is a perk. The inheritance of Krell may be more of a thorn than a prize. |
Will the power struggle between family members and J.F. Bicking over KRELL INDUSTRIES ownership and control ever be resolved? It seems their ongoing internal disputes have ‘complicated’ the process and there is no clear indication that a resolution has been reached or is imminent. Obviously, a very complicated situation. |
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@thecarpathian well, that was a very thorough and sharp description of FL. I know New England very well, I am (mostly) sold on CT. ... and more and my comment got removed. Why? Who has so many issues and damages that this is what they think will help them? |
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