LA VERGNE, TN – Ingram Entertainment Inc. has sold its computer liquidation company, Action International Marketing.
Ingram Entertainment, the nation’s largest home entertainment distribution company, announced the sale recently in a memo to IEI associates. Ingram Entertainment Chairman and President David Ingram cited an inability to find management in the liquidation industry that shared IEI’s senior management philosophies regarding inventory and margin issues as the company’s rationale for exiting the computer liquidation business.
IEI sold substantially all of Action International Marketing’s inventory and fixed assets to a new company formed by AIM’s former general manager, Bob Beckett. The company will continue to be based in the Philadelphia area.
Ingram Entertainment Inc. had net sales of $1.1 billion in 2000. It is the leading national distributor of home entertainment products including prerecorded videocassettes, electronics, video game hardware and software, DVD hardware and software, multimedia, audiobooks, accessories and used prerecorded videocassettes. Ingram Entertainment Inc. services over 10,000 retail accounts including video specialty stores and supermarkets. Ingram Entertainment is headquartered in La Vergne, Tennessee and operates out of 20 locations. Ingram Entertainment Inc. is the exclusive third-party services provider for Warner Bros. Rental Direct product line. Ingram Entertainment Inc. also owns a majority interest in Frank, Best and Ingram, a Nashville advertising agency.