ROW Buys Koch

Canada-based ROW Entertainment Income Fund, parent company of the CD Plus retail chain, has acquired label/publisher/distributor KOCH Entertainment in a deal worth about $80 million.

Included in the purchase price is $20 million of ROW Fund Units, $55 million in cash and $5 million in assumed liabilities.

The deal provides ROW an opportunity to penetrate the U.S. home entertainment market.

Michael Koch will remain CEO and the current Koch management team will stay put.

The deal is expected to close June 1st.