Editing Altec Lansing (section)

===Altec Service Co. and Altec Lansing Professional audio products===
[[James Ling]] purchased the Altec Lansing Corporation from the ailing George Carrington Sr., in 1958. By the time [[James Ling]] spun Altec Lansing off in 1974, his company, [[Ling-Temco-Vought|LTV]]-Ling-Altec, had heavy debts. In 1984, Gulton Industries, Inc., purchased the Altec Sound Products Division from the Altec Lansing Corporation, which was operating under Chapter 11 of the U.S. Bankruptcy Code. Included with the purchase were the tooling, parts and product inventories, distributor network, designs, patents, and assets of the Sound Products Division of Altec Lansing. The motion picture theater sound installation and repair business, Altec Service Co., was sold to J. Bruce Waddell, then head of Altec Service, and comptroller Robert V. Gandolfi. They established it as A.S.C. Technical Services in [[Richardson, Texas]].

The Altec Lansing Corporation was formed by Gulton Industries as part of the purchase and headquartered in Oklahoma City, the site of the University Sound factory built by Jimmy Ling when he moved there from White Plains, New York.  Prior to the purchase, Altec Lansing had been headquartered in Yorba Linda, California, but it was moved as part of an effort to reduce operating costs.

Altec Lansing Corporation produced professional audio products until 1995, when [[Telex Communications]], who had purchased Altec Lansing's parent company, EVI Audio, Inc., in 1997, consolidated all of their electronics manufacturing facilities into one location in Minnesota.

[[File:Altec Lansing Bookshelf Speakers.jpg|thumb|Altec Lansing Bookshelf loudspeakers]]