Painting with a Twist opens, Sabine is sold
Published: Wednesday, March 12, 2014 at 4:01 p.m.
Last Modified: Wednesday, March 12, 2014 at 4:01 p.m.
Painting with a Twist, a new "paint and sip" franchise, opened last Thursday at 618 NW 60th St., in place of the relocated Spa Royale off of Newberry Road.
The business offers a place for people to gather for classes offered by local art instructors and the option to "bring your own bottle," is available for corporate outings, bachelorette parties, sorority functions, date nights and special events, according to a news release.
The business can accommodate as many as 60 people, including 30 in the main room, 10 in the kids' room and 20 in the party room. Hours are 11 a.m. to 10 p.m. Tuesday through Thursday, 9 a.m. to midnight Friday and Saturday, and noon to 10 p.m. Sunday. For details, visit paintingwithatwist.com/gainesville.
Painting with a Twist was founded in Mandeville, La., in 2007 and has grown to more than 100 locations.
The business will host a Painting with a Purpose event each month and donate 50 percent of the proceeds to a local nonprofit, starting with a March of Dimes benefit from 6:30 to 8:30 p.m. March 20.
— Staff report
ClearOne has acquired Alachua-based audio equipment manufacturer Sabine in a $9 million cash and stock deal, the company announced last Wednesday.
Sabine has been supplying wireless microphone products sold under the ClearOne brand since late 2012.
ClearOne, based in Salt Lake City, provides video conferencing and professional audio products for businesses, as well as digital streaming equipment and digital sign products.
The company trades on the Nasdaq stock exchange under the symbol CLRO and reported $49.6 million in revenue last year, a 7 percent increase over 2012.
The company plans to keep Sabine's 45,000-square-foot manufacturing facility in Alachua, according to a news release.
Chairman and CEO Zee Hakimoglu said Sabine's wireless microphones have helped drive ClearOne sales in a high-growth market.
The deal includes $7.5 million in cash and $1.5 million in ClearOne stock. ClearOne will also pay off $1.25 million of Sabine's debt and provide additional pay based on performance criteria over three years.
Sabine founder Doran Oster could not be reached for comment.
In a news release, he said, "We look forward to combining resources with ClearOne to offer a complete portfolio of professional products to a global customer base."
Oster, who came to Gainesville in 1965 as an industrial engineering student at the University of Florida, started Sabine as a retail instrument shop in 1974 and went on to develop a capo guitar accessory and best-selling tuner sold at music stores around the nation.
With proceeds from the tuner, he designed digital sound processors and in 1996 opened the manufacturing facility in Alachua, which now employs 25 people.
In a December interview, Oster told the Sun that the competition was getting ahead of Sabine for its older products, so they shifted focus and found a niche by providing high-quality audio for a teleconferencing market that was still using microphones with the standards of cordless telephones.
— Anthony Clark
Anthony Clark is the Gainesville Sun business editor.