Telecorps Holdings announced that it has sold the assets of its audio equipment sales, rental and service division, Coffey Sound, to Trew Audio. The company said that the move is part of its overall restructuring plan and intent to re-focus on its core business in California production and postproduction rentals and services.
The company is also expanding the reach of its postproduction and finishing services on the East Coast, and is in the final stages of its acquisition for the assets of Technicolor, New York. Telecorps also owns PostWorks, Hula Post, Orbit Digital and Wexler Video.
“Our strategy is to focus our energy and resources on our core business,” said Telecorps chairman and CEO David Rosen. “These recent moves will allow us to accomplish that goal.”
