Matthews buys supplier Olesen

Matthews Studio Equipment Group has announced it has acquired production equipment supplier Olesen, a unit of Entertainment Resources Inc., for $2 million.

Officials of the Burbank-based lighting and equipment supplier said the operations of Los Angeles-based Olesen will be merged into Matthews Expendable Supply Stores. Matthews plans to retain Olesen’s management team, including prexy Marge Romans.

“We have known and transacted business with Olesen and Marge Romans for several years, and it is an honor to have Marge and her staff as part of our company to expand product line in the theatrical and international markets,” said Matthews chairman and chief exec Carlos DeMattos.

Expendable Supply distributes motion picture, television, theatrical equipment and expendable supplies.

Matthews Studio, which makes, sells and rents grip, lighting, video and film equipment, had net income of $1 million, or 10¢ a share, on revenues of $30.2 million in 1996.

More Biz

  • Bob Iger Rupert Murdoch

    Disney-Fox Deal: How Secret, 'Smooth and Cordial' Negotiations Drove a Blockbuster Acquisition

    Matthews Studio Equipment Group has announced it has acquired production equipment supplier Olesen, a unit of Entertainment Resources Inc., for $2 million. Officials of the Burbank-based lighting and equipment supplier said the operations of Los Angeles-based Olesen will be merged into Matthews Expendable Supply Stores. Matthews plans to retain Olesen’s management team, including prexy Marge […]

  • Morgan Spurlock Sexual Misconduct

    Morgan Spurlock Steps Down From Production Company After Admitting to Sexual Misconduct

    Matthews Studio Equipment Group has announced it has acquired production equipment supplier Olesen, a unit of Entertainment Resources Inc., for $2 million. Officials of the Burbank-based lighting and equipment supplier said the operations of Los Angeles-based Olesen will be merged into Matthews Expendable Supply Stores. Matthews plans to retain Olesen’s management team, including prexy Marge […]

  • Consumer Watchdog Group Warns Against Disney-Fox

    Consumer Watchdog, Anti-Trust Experts Warn of Higher Prices From Disney-Fox Merger

    Matthews Studio Equipment Group has announced it has acquired production equipment supplier Olesen, a unit of Entertainment Resources Inc., for $2 million. Officials of the Burbank-based lighting and equipment supplier said the operations of Los Angeles-based Olesen will be merged into Matthews Expendable Supply Stores. Matthews plans to retain Olesen’s management team, including prexy Marge […]

  • Verve

    Verve Continues to Show Dominance in Spec Market Following Blacklist, Hitlist Unveilings

    Matthews Studio Equipment Group has announced it has acquired production equipment supplier Olesen, a unit of Entertainment Resources Inc., for $2 million. Officials of the Burbank-based lighting and equipment supplier said the operations of Los Angeles-based Olesen will be merged into Matthews Expendable Supply Stores. Matthews plans to retain Olesen’s management team, including prexy Marge […]

  • Sony's Tony Vinciquerra: Disney-Fox 'Creates Opportunities'

    Sony's Tony Vinciquerra: Disney-Fox 'Creates Opportunities'

    Matthews Studio Equipment Group has announced it has acquired production equipment supplier Olesen, a unit of Entertainment Resources Inc., for $2 million. Officials of the Burbank-based lighting and equipment supplier said the operations of Los Angeles-based Olesen will be merged into Matthews Expendable Supply Stores. Matthews plans to retain Olesen’s management team, including prexy Marge […]

  • What Disney Bought in the Fox

    What Disney Bought: A Billion-Dollar Breakdown of Assets

    Matthews Studio Equipment Group has announced it has acquired production equipment supplier Olesen, a unit of Entertainment Resources Inc., for $2 million. Officials of the Burbank-based lighting and equipment supplier said the operations of Los Angeles-based Olesen will be merged into Matthews Expendable Supply Stores. Matthews plans to retain Olesen’s management team, including prexy Marge […]

  • Actor Dustin Hoffman poses for photographers

    Dustin Hoffman Accused of Exposing Himself to a Minor, Assaulting Two Women (EXCLUSIVE)

    Matthews Studio Equipment Group has announced it has acquired production equipment supplier Olesen, a unit of Entertainment Resources Inc., for $2 million. Officials of the Burbank-based lighting and equipment supplier said the operations of Los Angeles-based Olesen will be merged into Matthews Expendable Supply Stores. Matthews plans to retain Olesen’s management team, including prexy Marge […]

More From Our Brands

Access exclusive content