Orlando, FL (July 15, 2020) – After reporting a 9.2% stake in VOXX International Corporation (Nasdaq: VOXX) in April 2020, Kahli Holding AG and Avalon Park International LLC have doubled their stake in VOXX to 18.47% of outstanding common shares, making them the largest shareholder of VOXX. Kahli Holding AG, is the Swiss holding company founded by Beat Kahli, who is also President and CEO of Avalon Park Group. VOXX is a global leader in consumer electronics, high definition audio, automotive security and mobile entertainment systems.
While Avalon Park Group’s primary line of business is real estate development, and as such, is one of the leaders in building master planned communities in Central Florida, Beat Kahli explains that it has been a major goal to continue to diversify the company’s portfolio this year. “In today’s unpredictable economy, it is increasingly important for our group of companies to diversify,” said Kahli.
“While Avalon Park Group’s main focus is building towns from scratch, we believe in creating partnerships within other industries that help create a varied business scope.” said Kahli. Kahli additionally explains that those partnerships not only help support the communities they build but to create a diverse portfolio that is believed to be essential for successful businesses.
Avalon Park Group has a current pipeline of over $3 billion. Additionally, past involvements have included, the largest independent concrete producer in Florida, Prestige AB Ready Mix, now part of Preferred, a subsidiary of CRH, Ireland’s second-largest corporation, and Data Transfer Solution a technology company, which today is part of the SNC Lavelin-Atkins Group of Canada and England. Other industries have also included high-speed internet, restaurants, rainwater, energy, swimwear, newspaper, specialty paper, batteries, landscaping, bio fruit juice, home building, mining and more.
The company not only diversifies in industries but also locations. With a presence on 4 continents, North America, Asia, Europe and Australia, the Avalon Park Group of companies has an expanding global reach. These investments are currently evaluated at corporate headquarters in Orlando, FL and at the sister company offices, Launchpad APAC, Pte. Ltd., in Singapore.
About VOXX International Corporation
Established in 1960, VOXX has since grown into a worldwide leader in Automotive Electronics and Consumer Electronics, with emerging Biometrics technology to capitalize on the increased need for advanced security. Over the past several decades, VOXX has built market-leading positions in in-vehicle entertainment, automotive security, a number of premium audio market segments, and consumer accessories with a portfolio of over 30 trusted brands such as Audiovox, ASA Electronics, Vehicle Safety Holdings, Eyelock and Klipsch, the #1 premium loudspeaker brand in the audio market. VOXX is a global company, with an extensive distribution network that includes power retailers, mass merchandisers, 12-volt specialists and many of the world’s leading automotive manufacturers.
About Avalon Park Group
Avalon Park Group is a uniquely diversified family of companies engaged in businesses ranging from master-planned community development, to home building, mining and property management, in Florida, Texas, Switzerland Singapore and Australia. With more than $1 billion in total assets, Avalon Park Group combines its exceptional reputation, sound business experience and significant financial resources to invest in extraordinary opportunities. At Avalon Park Group, our mission is to change the way the world lives, learns, works and plays through creating healthy sustainable communities and every aspect thereof. For more information on Avalon Park Group, visit www.AvalonParkGroup.com or call 407-658-6565.
Contact: Beat Kahli, 321-229-4116, Andreas Derzsi, Singapore, +41 (0) 41 545 85 10, Stephanie Lerret, Avalon Park Group, 407-427-6073.