WiFi HiFi has learned from Doug Alexander, the president of Aralex Acoustics Ltd., that the company has gone into receivership. "The bank withdrew its support," said Alexander. "We are working with the receiver." Aralex Acoustics, based Coquitlam, BC, just outside Vancouver, has been distributing higher-end audio-video products for 26 years. The receivership process started on Monday, February 17th.
The company, added Alexander, is in the process of liquidating its stock. No white knight is on the horizon to continue the business. Alexander made two points of interest: first, that it is hard to get investment in a business which is already losing money; and second, that having good lines to distribute is not the same as having money in the bank.
Companies using Aralex distribution include: InFocus, iRemote Reset, Key Digital, Meridian, PS Audio, Triad, Vivitek, and Vutec. In 2005, Meridian acquired the rights to incorporate renowned Faroudja technology in their own projectors. High quality lenses from Schneider Optics was a prestige brand for Aralex. Another venerable brand they handled was Wharfedale, an early provider of high fidelity drivers.
Alexander had become one of the most respected and well-liked individuals on the west coast audio-video scene. In the 1980s, prior to going into distribution, he was a partner in what became two iconic BC independent retailers: Sound Plus in Vancouver, and Sound Hounds in Victoria.