METALLICA has acquired the bulk curiosity in Furnace Report Urgent, a number one supplier of high-quality vinyl data and associated providers. The acquisition formalizes a long-standing relationship between the band and Furnace that has produced greater than 5 million items of METALLICA vinyl since 2014.
Having labored collectively on such landmark initiatives because the extremely acclaimed definitive deluxe field set editions of METALLICA‘s “Kill ‘Em All”, “Trip The Lightning”, “Grasp Of Puppets”, “…And Justice For All”, “Metallica” (a.okay.a. The Black Album) and “S&M2”, METALLICA and Furnace have lengthy loved a prolific and productive relationship — one rooted in a shared fiercely unbiased ethos and passionate dedication to high quality. This partnership between METALLICA and Furnace represents yet one more instance of the band’s unflagging dedication to creative management of all points of its profession, in addition to its devotion to its followers: The capability to fulfill the large demand for METALLICA vinyl by way of trusted companion and trade chief Furnace will allow the band and its Blackened Recordings label to raised serve the wants of any and all vinyl lovers within the METALLICA household — in addition to these of the varied artists and file labels who will proceed to make the most of Furnace‘s providers.
Based by Eric Astor in 1996, Furnace is understood for making extraordinarily high-quality data at its 70,000 sq. foot, state-of-the-art facility in Alexandria, Virginia. With its 12 Pheenix Alpha presses and two Finebilt presses, Furnace is likely one of the largest file urgent corporations within the U.S. Furnace affords customary and heavyweight pressings, shade vinyl, particular impact shade vinyl, and customized vinyl etching to fulfill the artistic wants of any music artist. Furnace additionally oversees different providers associated to the creation and packaging of data. Along with METALLICA, Furnace counts many main artists, international music corporations, file labels and indie/punk acts as shoppers. Eric Astor (founder and CEO),Ali Miller (COO) and Mark Reiter (VP – operations) will proceed of their respective roles main Furnace. Every stays an fairness proprietor of the corporate and every will probably be a member of the corporate’s Board Of Administrators.
“Constructing Furnace into the devoted and skilled household of consultants that it’s at this time has been an enormous effort, however immensely gratifying,” stated Eric Astor, founding father of Furnace. “Understanding our long-term future is secured whereas additionally being higher capable of benefit from development alternatives is admittedly thrilling for each member of the Furnace employees.” Ali Miller, chief working officer of Furnace, added: “We’ve got discovered supreme companions in METALLICA. They need us to proceed our buyer pushed focus. To that finish we sit up for offering even better capability and repair to every of our clients sooner or later.”
“We could not be extra joyful to take our partnership with Furnace — and Eric, Ali and Mark particularly — to the following stage,” stated Lars Ulrich, co-founder of METALLICA. “Their indie spirit, the eagerness they’ve for his or her craft… culturally we’re kindred souls.” James Hetfield, co-founder of METALLICA, added: “Furnace has been nice to METALLICA and extra importantly to our followers. This deepened relationship between METALLICA and Furnace ensures that followers of vinyl in every single place, notably our Fifth Members, could have continued entry to top quality data sooner or later.”
METALLICA was represented by its affiliated development fairness and content material investing platform generally known as Black Squirrel Companions (“Black Squirrel”),with Kirkland & Ellis performing as counsel and Citrin Cooperman aiding with monetary due diligence and tax advisory. Dunlap, Bennett & Ludwig acted as counsel to Furnace.
