Craig Electronics
| Company type | Private |
|---|---|
| Industry | Consumer electronics |
| Founded | 1963 |
| Headquarters | Miami , United States |
| Products | Home and automobile stereo systems, MP3 players, netbooks, audio speakers |
| Owner | Newtech Holding |
| Website | www |
Craig Electronics is a United States-based brand focused on consumer electronics, with products primarily distributed through pharmacy, big-box, and e-commerce outlets.
History
Established in 1963, Craig Electronics initially produced home and automobile stereo systems. The brand gained prominence through endorsements by notable figures such as The Beach Boys, Ray Charles, and Ringo Starr.
After a relaunch in 2001, the company redirected its efforts toward affordable consumer electronics, including MP3 players, netbooks, and audio speakers. Additionally, Craig Electronics operates under a brand licensing agreement to sell selected items under the Magnavox name.
In 2013, Craig Electronics was among the defendants, alongside Curtis International and ViewSonic, in a patent infringement case filed by MPEG LA. Another patent-related lawsuit was initiated against the company by Seoul Semiconductor in 2015.
Richard I. Berger, who formerly served as president and CEO of Craig Electronics, was found guilty of fraud in 2003.
In 2019, Nova Capital Management acquired Craig Electronics and incorporated it into its H2 Brands portfolio, which includes Shur-Line, Bulldog, and World and Main electronics. Subsequently, in 2022, Newtech Holding purchased Craig Electronics from Nova Wildcat Fund.