No, Parasound did not go out of business. The company continues to operate as a privately-owned U.S. company, though it underwent an ownership transition in late 2022.
Parasound's Enduring Presence in Audio
Parasound, a well-regarded name in the high-fidelity audio world, remains fully operational and continues its legacy of providing quality audio components. Despite a significant change in its leadership, the brand maintains its commitment to the audio community.
A Legacy of Quality and Recent Transitions
Founded in 1981 by Richard Schram, Parasound established a strong reputation over several decades for producing high-performance audio equipment that was also accessible to a wider audience. The company's focus has always been on delivering affordable audio components specifically designed for the critical listener.
A key development occurred in December 2022, when founder Richard Schram sold the company. The new owner, David Sherriff, acquired Parasound, ensuring the brand's continuity.
Key Details of Parasound's Status
| Aspect | Detail |
|---|---|
| Current Status | Operating |
| Founded | 1981 by Richard Schram |
| Ownership Change | December 2022 |
| New Owner | David Sherriff |
| Company Type | Remains a privately-owned U.S. company |
| Specialization | Providing affordable audio components for critical listeners |
What This Means for Consumers
The transition in ownership signals an evolution for Parasound, not an end. Consumers can expect the brand to continue its tradition of innovation and quality in audio component manufacturing. This ensures that the legacy built by Richard Schram continues under new leadership, maintaining its focus on audiophiles seeking performance without excessive cost.
