New leadership, ownership changes at Systems Depot, Elk

Thursday, August 23, 2007

HICKORY, NC--Systems Depot, a distributor of security products, will move into a 90,000-square-foot facility here, to be vacated by GE Security. The move is part of many changes for Systems Depot, including the addition of new president Jeff Neuville, and owner Wade Moose's partial divesture of Systems Depot's sister company, home integration and automation manufacturer Elk Products.
"We're making a lot of changes," said Moose, "and one of the major things that we're doing is trying to unhook these two companies in ownership and connection."
Going forward, there won't be a conflict of interest for distributors who'd like to carry the Elk product line, but don't want to subsidize their competition, Moose said.
Elk will now be run by president Hans Peterson, but will retain its engineers, many of whom were with Wade Moose when he founded Moose Products more than 20 years ago. He sold Moose to Aritech, which was bought by Interlogix, which was bought by GE Security, which just moved out of the building that Moose once manufactured in and which Systems Depot will now occupy.
How's that for coming full circle?

For more on this story, see the October issue of Security Systems News.