Ingram Entertainment Inc. announced today that a subsidiary of the La Vergne-based home entertainment products distributor has purchased the assets of V.P.D. IV, Inc., of Folsom, California.
Financial terms of the deal, which closed June 30, were not disclosed in a release. Similarly, the name of the subsidiary was not disclosed.
VPD (which does business as Video Products Distributors Inc.) is a wholesale distributor of DVDs, Blu-ray products, video games and gaming systems.
David Ingram, chairman of Ingram Entertainment, said structural changes in the DVD home entertainment marketplace led to a deal with VPD.
“Acquiring the assets of VPD will enhance our financial performance by enabling us to process more units through a combined fewer locations,” Ingram (pictured) said in the release. “Those efficiencies will better position us to work with our suppliers to provide our retailers with the products they need for their businesses. We believe physical home entertainment media has a solid future, and we look forward to the opportunities ahead. I am excited for our suppliers, customers, and associates.”
Bob Webb, Ingram Entertainment president and CEO, said Ingram Entertainment wants to to increase its sales of products to “rentailer” customers, with that segment representing a “significant portion of VPD’s business that will be transferred to Ingram Entertainment.”