Steinway to buy Leblanc
I haven't seen this posted here yet, and since this effects several brands (yanagisawa and Selmer Paris stood out to me) I'm posing it here. (mods, move it if it fits better somewhere else please, or if it's posted somewhere else :wink: )
My bro found this on some Tuba-Euphonium forums (as he plays the euph he's not one of our members :x ): http://forum.alex281.com/viewtopic.php?t=872&highlight=
(not sure where the original poster got this article)
copy pasted:
Steinway to buy G. Leblanc for $36 million
Steinway Musical Instruments Inc. said Thursday that it has agreed to buy G. Leblanc Corp., a musical instrument manufacturer in Kenosha, for about $36 million.
Leblanc is a manufacturer of high quality band instruments and sells products under the Leblanc, Noblet, Vito, Holton, Martin and Yanagisawa brand names. Leblanc expects to generate revenue of $28 million for 2004.
In a statement, Leblanc chairman and chief executive officer Leon Pascucci said G. Leblanc will maintain operations in Kenosha.
"The business has been in my family for nearly 60 years, so my primary concern was to ensure its continuation," he said. "I'm thrilled that Leblanc will become part of a company with the reputation of Steinway Musical Instruments."
The announcement comes just weeks after the company said it will close one of its two plants in Kenosha later this summer, resulting in the loss of 67 jobs. Leblanc plans to halt production at 9009 Sheridan Road by Aug. 27, according to a notice filed with the state Department of Workforce Development.
Leblanc operates a second plant at its headquarters in Kenosha, 7001 Leblanc Blvd., where it has about 160 employees. The company also has a factory in Elkhorn with about 75 employees. About 40 employees work at Leblanc's other remaining plant, located in La Couture-Boussey, France.
Waltham, Mass.-based Steinway, famous for its pianos, is one of the world's largest manufacturers of musical instruments. Its notable products include Steinway & Sons pianos, Bach Stradivarius trumpets, Selmer Paris saxophones, C.G. Conn French horns, King trombones, and Ludwig snare drums. Leblanc will be operated as part of Steinway's Conn-Selmer band instrument division.
The transaction, which is subject to customary closing conditions and purchase price adjustments, is expected to close in the third quarter.
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So, does it sound like Yanas will disappear? Think they will keep any of the yana's designs or drop them into a student horn line :?
While I'm pondering.. so is it gonna be the "top 3" now?
I didn't even know Yanagisawa was owned by Leblanc.. Maybe I'm just misreading it
I haven't seen this posted here yet, and since this effects several brands (yanagisawa and Selmer Paris stood out to me) I'm posing it here. (mods, move it if it fits better somewhere else please, or if it's posted somewhere else :wink: )
My bro found this on some Tuba-Euphonium forums (as he plays the euph he's not one of our members :x ): http://forum.alex281.com/viewtopic.php?t=872&highlight=
(not sure where the original poster got this article)
copy pasted:
Steinway to buy G. Leblanc for $36 million
Steinway Musical Instruments Inc. said Thursday that it has agreed to buy G. Leblanc Corp., a musical instrument manufacturer in Kenosha, for about $36 million.
Leblanc is a manufacturer of high quality band instruments and sells products under the Leblanc, Noblet, Vito, Holton, Martin and Yanagisawa brand names. Leblanc expects to generate revenue of $28 million for 2004.
In a statement, Leblanc chairman and chief executive officer Leon Pascucci said G. Leblanc will maintain operations in Kenosha.
"The business has been in my family for nearly 60 years, so my primary concern was to ensure its continuation," he said. "I'm thrilled that Leblanc will become part of a company with the reputation of Steinway Musical Instruments."
The announcement comes just weeks after the company said it will close one of its two plants in Kenosha later this summer, resulting in the loss of 67 jobs. Leblanc plans to halt production at 9009 Sheridan Road by Aug. 27, according to a notice filed with the state Department of Workforce Development.
Leblanc operates a second plant at its headquarters in Kenosha, 7001 Leblanc Blvd., where it has about 160 employees. The company also has a factory in Elkhorn with about 75 employees. About 40 employees work at Leblanc's other remaining plant, located in La Couture-Boussey, France.
Waltham, Mass.-based Steinway, famous for its pianos, is one of the world's largest manufacturers of musical instruments. Its notable products include Steinway & Sons pianos, Bach Stradivarius trumpets, Selmer Paris saxophones, C.G. Conn French horns, King trombones, and Ludwig snare drums. Leblanc will be operated as part of Steinway's Conn-Selmer band instrument division.
The transaction, which is subject to customary closing conditions and purchase price adjustments, is expected to close in the third quarter.
---
So, does it sound like Yanas will disappear? Think they will keep any of the yana's designs or drop them into a student horn line :?
While I'm pondering.. so is it gonna be the "top 3" now?
I didn't even know Yanagisawa was owned by Leblanc.. Maybe I'm just misreading it