Pacific Coast One-Stop in Simi Valley, the nation's third-largest distributor of music- and video-based products, has been purchased by Magic Media Makers Inc. Former Prudential Securities executive Ralph W. Johnson has been named chairman and chief executive.
The company, renamed Tempo One-Stop Records Inc., also named mergers and acquisition specialist Marvin Wilcher as chief operating officer.
Johnson, a 30-year financial management veteran, was vice president of investments for Prudential Securities. He also has been an associate vice president of investments for A.G. Edwards & Sons Inc. and an investment consultant at Dean Witter Reynolds Inc.
Johnson replaces Steve Kall, who was Pacific Coast One-Stop's president for 18 years.
Pacific Coast One-Stop had sales of about $100 million last year. For the last 18 years, the company has provided music distribution services to more than 2,500 retailers nationwide, and more than 500 international distributors and retail chains.
Johnson said that the company would retain virtually all of its 200 employees.