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I heard a rumor Friday (apparently originating from a Keilwerth artist) that Schreiber & Keilwerth Musikinstrumente GmbH has gone belly-up. Something to do with Schreiber kept marketing the E11 after they severed ties with Buffet, so Buffet sued them and won (sounded sketchy though on the details).

I know Keilwerth-Schreiber has been struggling lately, but do any of you have any concrete info on what's been going on out there the last few days? Maybe Dave Kessler has some better info . . . they couldn't actually just quit, could they?
 

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Don't know - watch the retailers for blowout clearance deals...Hell, I'd grab an alto at 80% off.
 

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if this were true dave kessler would of told us and why would they be releasing a new model next month if they were closing?
 

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if this were true dave kessler would of told us and why would they be releasing a new model next month if they were closing?
Why would King bring a Super21 to a trade show in the '80s, then fold? It's possible. This is the first I've heard of it, but it isn't unheard of.
 

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Don't know - watch the retailers for blowout clearance deals...Hell, I'd grab an alto at 80% off.
I think it's the distributor (Shrieber) that is folding on Keilwerth and Keilwerth is seeking a new distributor for their products. If JK did fold, and no longer made horns, I doubt you would be seeing an 80% discount.
 

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I heard that a flock of pigs flew off with all the Keilwerth production equipment........no telling where they will land, but I'm thinking France......
 

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The insolvency proceedings have begun on March 12.

But it is too early to say what this means for the further production of saxophones.
 

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Mala tempora currunt :( well informed tell me that the situation is indeed serious........

I don't know if anyone in Europe or America is able to launch a rescue operation,......... who knows if the rescue could come from outside of Europe..........This is a powerful reminder of possible scenarios to come for the whole of the music business.

I seriously think that the traditional makers need to find their solace in reducing production and concentrating only in the highest market segment , hence drastically reducing the workforce and assets and using their names and experience into making ultra-special instruments for a high cost.

A lot of people are going to be talking about this these coming days at Frankfurt. I am sure that many minds are now at work to come up with some sort of idea.

If I am allowed to speculate I see only 2 possible scenarios:

1) the company goes into the hands of a Group from Europe or America or the Far East and it will distribute and sell Eastern made saxophones using the Keilwerth/ Schreiber sales network with only a small true German production to keep the name of Keilwerth/ Schreiber high up on the market.

2) the company gets rid of all the bits and pieces which are causing losses keeping only the healthy parts of their activity alive and restarts changed into a small artisanal company which will produce high quality items on a very small scale

In any case this is a sign of more to come and it is a sad day for the German woodwind industry
 

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Here some more official news (cited on the Saxwelt forum). I first paste the orginal German version for those wanting to be close to the source:

Neue Chance für Instrumentenhersteller Schreiber & Keilwerth
- Traditionsunternehmen strebt Sanierung über Insolvenzverfahren an
- Produktion und Vermarktung laufen in vollem Umfang weiter
- Tobias Hoefer zum vorläufigen Insolvenzverwalter bestellt

Nauheim, 15. März 2010. Einer der weltweit renommiertesten Instrumentenbauer, die Schreiber & Keilwerth Musikinstrumente GmbH mit Sitz im hessischen Nauheim,steht vor einem Neuanfang. Das Traditionsunternehmen mit über 80-jähriger Erfahrung im Bau von Holzblasinstrumenten strebt eine Sanierung über ein Insolvenzverfahren an. Geschäftsführer Dr. Armin Eckert hat dazu am 12. März beim Amtsgericht in Darmstadt Antrag auf Eröffnung eines Insolvenzverfahrens gestellt.

Daraufhin wurde der Sanierungsexperte Tobias Hoefer von der Mannheimer Kanzlei Hack Hoefer zum vorläufigen Insolvenzverwalter bestellt. „Produktion und Vermarktung gehen in vollem Umfang weiter. Wir sehen nach ersten Analysen gute Chancen für eine dauerhafte Fortführung und haben bereits mit der Investorensuche begonnen“, konnten Eckert und Hoefer heute mitteilen.

Als Grund für den Insolvenzantrag sieht die Geschäftsleitung die Auswirkungen der weltweiten Finanz- und Wirtschaftskrise auf die Finanzierungsmöglichkeiten des Unternehmens. „Die Finanzierung unserer Firma erfolgte über eine Bank, die seit der Finanzkrise den sogenannten ´Bad Banks´ zugeordnet wurde“, so Geschäftsführer Dr. Armin Eckert. „Daraus haben sich in den vergangenen Monaten mehrere Probleme ergeben. Zu den Charakteristika einer ´Bad Bank´ gehört es unter anderem, das eigene Risiko zu minimieren. Als Folge dessen hat die Bank in den vergangenen Monaten zunehmend unsere Liquidität eingeschränkt, wodurch am Ende ein sinnvolles Weiterarbeiten im Unternehmen nicht mehr gegeben war. Die branchenüblichen, saisonal schwächeren Umsätze in den Monaten Januar und Februar haben weiterhin dazu beigetragen, dass sich das Unternehmen aktuell in einem Liquiditätsengpass befindet. Aus diesem Grund hat sich die Geschäftsleitung am vergangenen Freitag dazu entschieden, einen Insolvenzantrag zu stellen.“

Der vom Amtsgericht Darmstadt bestellte vorläufige Insolvenzverwalter Tobias Hoefer ist bereits vor Ort, um den Geschäftsbetrieb zu stabilisieren und erste Weichen im Hinblick auf eine dauerhafte Fortführungslösung zu stellen. Hoefer zeigte sich nach seinen ersten Eindrücken zuversichtlich, dass es gelingen könne, den langfristigen Fortbestand des traditionsreichen Blasinstrumentenherstellers und möglichst vieler der derzeit ca. 300 Arbeitsplätze an den Standorten Nauheim und Markneukirchen zu sichern.

Mit neuen Instrumenten auf der Musikmesse
„Ich sehe eine gute Chance, den Betrieb nach erfolgter Restrukturierung wieder gut aufzustellen für die Zukunft. Angesichts voller Auftragsbücher für die nächsten Monate können wir die Produktion sowie den Instrumentenverkauf bei Schreiber & Keilwerth voll umfänglich aufrecht erhalten. Für die Kunden ändert sich damit durch die jüngste Entwicklung im Kern nichts. Jede Bestellung kann abgearbeitet werden und trägt direkt zum Erhalt des Unternehmens bei“, betonte Hoefer. Auch Geschäftsführer Dr. Armin Eckert ist von einer Fortführungsmöglichkeit des Unternehmens fest überzeugt: „Wir haben eine moderne Instrumentenproduktion, starke Marken und ein hochmotiviertes Team, das an das Unternehmen glaubt. Das deutsche Insolvenzrecht fördert und unterstützt Sanierungen in hohem Maße, so dass jede Krise auch eine Chance und ein Neustart sein kann.“ Auch bei Messen und Branchenevents zeigt Schreiber & Keilwerth weiter Flagge. Auf der kommenden Musikmesse wird sich das Unternehmen mit einem attraktiven Angebot auf über 120 Quadratmetern präsentieren. „Wir freuen uns darauf, unseren Kunden auch in diesem Jahr wieder viele interessante Produktneuheiten vorstellen zu können“, berichtet Markus Sailer, Sales & Marketing Director bei Schreiber & Keilwerth. „Unser Messe-Highlight ist ein neues Sopransaxophon, das wir in Zusammenarbeit mit der Saxophonlegende David Liebman entwickelt haben.

Außerdem stellt Keilwerth erstmals das neue ´Edition ToneKing´ vor: ein Saxophon in der Profiklasse zu einem äußerst attraktiven Preis. Weiterhin auf der Messe zu sehen sind das neue S.K.Y. concert by W. Schreiber ***ott, das deutsche Klarinetten-Sondermodell „Virtuoso“ sowie die neue York Presciene Posaune.


In a few words: Schreiber & Keilwerth are now under the approximative German equivalent of Chapter 11, having faced an insolvency action. A specialist from the City of Mannheim Bankrupcty Office has been designated as General Manager. His aim is to go on with development, production and sales, with, of course, a company reorganization. Every order will be processed. S & K will be present at Frankfurt with a 120 sqm booth and will present there a new sop, developed with David Liebman, a new "Edition Toneking" described as a pro sax with attractive pricing, an oboe and a German-system clarinet.
Seems that the German Bankruptcy law offers very positive opportunities for a basically sound company to survive and grow. Let's hope this is the case with Keilwerth. Seems also that Selmer, which is still basically a family company, is facing similar problems in France, however, at this time, of a smaller order of magnitude.
 

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Discussion Starter #10
Looks like it's hitting the newsstands. Here's an article.
(that link uses Google Translator for the original German text, so the English is a bit weird)
 

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Unfortunately it seems to be true :(
SOTW: 10 responses
saxophone.de: 41
saxwelt.de: 41

But they are still producing and working, there will be new horns (I hope so). They would do good producing no low-end horns any more. Yamaha is the leading beginners- and student-series producer (imho), Keilwerth should concentrate there knowledge and know-how on high-end/proficency horns!
 

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I heard that a flock of pigs flew off with all the Keilwerth production equipment........no telling where they will land, but I'm thinking France......
That explains it!

My company manufactures those little shopping baskets with wire handles. Our primary market is grocery retailers, but we just filled a rather odd order from F. P. I. G. Transport GmbH for a large number of baskets with custom neck straps that we now realize are suitable for attaching our baskets to swine necks. These baskets are just the right size for packing and moving small parts and sub-assemblies.

Barry Saxe, President
Helena Hand-basket Ltd.
Helena, MT
 

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we shall see.............these are hard times and tires that are long been used and abused start showing the threads , although a company might be producing very well and very good products the clinch is as always organisation, good control over debts and expenses and a willingness to think modernly......... the receivers can oversee a process like this, but at best they can ferry said company into the hands of someone who is willing to take it over, cut all the dead and rotten branches and go forward with whatever is left over and is healthy and sound........but he has to find such person r persons and they will have to be free to reorganise the company with deep painful cuts........
 

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That explains it!

My company manufactures those little shopping baskets with wire handles. Our primary market is grocery retailers, but we just filled a rather odd order from F. P. I. G. Transport GmbH for a large number of baskets with custom neck straps that we now realize are suitable for attaching our baskets to swine necks. These baskets are just the right size for packing and moving small parts and sub-assemblies.

Barry Saxe, President
Helena Hand-basket Ltd.
Helena, MT
Barry, thanks soooo much for confirming the rumors.......keep your eyes on the skies my friends!
 

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Keilwerth has been through some hard times before, not the least of which were the horrors of WWII and the break of of Boosey and Hawkes. I believe that they will make it through this one too.

"What does not kill you makes you stronger"
 

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joe-as usual your attemp at humor/wit is pitiful
Well, of course Super Dan I can't compare to you....whenever you post anything it's so hilarious I have a hard time deciding whether to wet my pants or poop in them.........so I usually do both....
 

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Keilwerth has been through some hard times before, not the least of which were the horrors of WWII...
Along with several million other business. I don't understand the reference.
 

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unfortunately historical experiences are not what pulls you out of insolvency ........what you need is money, orders and assets. If that was the case Chrysler, Opel, Saab and Volvo wouldn't have had any problems and would have pulled through without all that it has happened to them.

A company, though producing and selling a very good product, can have bad finances are be run badly with high expenses and considerable losses ........to top it all there is the financial crisis still at work. It is not the history of a company that does the running of a business but its managers and if they are stuck in the mud (often enough of their own doing) they need someone to pull the company out.

To me there are good reasons to think that the company will go forward but I can predict that it would need fresh blood form outside to do that in a market that is shrinking very rapidly for a large company with a considerable workforce in a high salary country such as Germany wanting to compete with companies in areas of the world with a complete different cost.
 
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