The beat goes on
Published: Tuesday, April 1, 2014 at 6:01 a.m.
Last Modified: Monday, March 31, 2014 at 7:19 a.m.
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ClearOne acquired Alachua-based audio equipment manufacturer Sabine in a $9 million cash and stock deal. Sabine has been supplying wireless microphone products sold under the ClearOne brand since late 2012. The company plans to keep Sabine’s 45,000-square-foot manufacturing facility in Alachua. Doran Oster started Sabine as a retail instrument shop in Gainesville in 1974 and went on to develop a capo guitar accessory, a best-selling tuner sold at music stores around the nation, and many other sound products.
• Vulcan Materials Company announced an agreement to sell its Newberry cement plant and several ready-mix operations, including those in Gainesville and High Springs, as part of a $720 million sale to Colombia-based Cementos Argos S.A. Vulcan Materials bought Jacksonville-based Florida Rock Industries in 2007. In addition to the ready-mix and block operation on South Main Street in Gainesville, the sale includes ready-mix plants in High Springs, Williston, Starke and Ocala.
• The Prudential Trend Realty affiliate became Berkshire Hathaway HomeServices Trend Realty. HomeServices of America, a Berkshire Hathaway affiliate, acquired the Prudential and Real Living franchises in 2012. Trend Realty was founded in 1973 and was affiliated with ERA until 2010, when it became a Prudential franchise.
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