Steinway Musical Instruments
| Type | Public |
|---|---|
| Traded as | NYSE: LVB |
| Industry | Musical instruments |
| Founded | 1995 |
| Headquarters | Waltham, Massachusetts, USA |
| Number of locations | 11 manufacturing facilities (2011) |
| Area served | Worldwide |
| Key people | Michael T. Sweeney Chairman of the Board (since July 2011) and President & CEO (since October 2011) Dennis M. Hanson Senior Executive Vice President (since 1995) |
| Products | Pianos Brasswinds Woodwinds Strings Percussion |
| Owner(s) | 33% Samick Musical Instruments 10% ValueAct SmallCap Partners 57% Other shareholders |
| Employees | 1,680 (2011) |
| Divisions | New York City, USA Elkhart, Indiana, USA |
| Subsidiaries | Steinway & Sons Steinway Hall Conn-Selmer Kluge Klaviaturen The O.S. Kelly Company ArkivMusic |
| Website | www.steinwaymusical.com |
Steinway Musical Instruments, Inc. (NYSE: LVB) is a musical instrument manufacturing conglomerate.[1]
Through acquisitions and mergers, the company has acquired a large number of musical instrument brand names and manufacturing facilities. It now owns manufacturers of pianos, brasswinds, woodwinds, strings and percussion.[2][3][4][5][6]
The company sells its products through a worldwide network of dealers to professional, amateur and student musicians, as well as orchestras and educational institutions, under dozens of different brand names. Its most notable products include Steinway & Sons pianos, Bach Stradivarius trumpets, C.G. Conn French horns, Leblanc clarinets, King trombones, Ludwig snare drums and Selmer Paris saxophones.[7]
It employs a workforce of around 1,700 and operates 11 manufacturing facilities in the United States and Europe.[8]
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[edit] History
- May 1995: Selmer Industries acquires Steinway Musical Properties, parent company of Steinway & Sons piano company.
- July 1996: Selmer Industries is renamed Steinway Musical Instruments.[9]
- August 1996: Steinway Musical Instruments IPO.
- January 1997: Acquisition of Emerson, flute manufacturer.
- December 1998: Acquisition of Kluge Klaviaturen, piano key manufacturer.
- March 1999: Acquisition of Steinway Hall in New York City, prominent piano showroom with concert hall.
- November 1999: Acquisition of The O.S. Kelly Company, piano plate manufacturer.
- January 2000: Acquisition of Pianohaus Karl Lang, piano showroom and authorized Steinway piano dealer.
- September 2000: Acquisition of United Musical Instruments, brass instrument manufacturer.
- January 2003: Merger of The Selmer Company and United Musical Instruments into one entity under Conn-Selmer.
- August 2004: Acquisition of G. Leblanc, brass instrument manufacturer.
- May 2008: Acquisition of ArkivMusic, online retailer of recorded classical music.
[edit] Products
The company produces instruments under the following brand names:[7]
- Pianos:
- Steinway & Sons – pianos for the top-level market
- Boston – pianos for the mid-level market
- Essex – pianos for the entry-level market
- Brasswinds:
- Benge – trumpets, piccolo trumpets
- C.G. Conn – single and double horns, flugelhorns, cornets, trombones, trumpets, tubas, sousaphones, saxophones
- Holton – cornets, French horns, trombones, trumpets
- King – trombones, baritones, cornets, flugelhorns, French horns, mellophones, trumpets, tubas, sousaphones, saxophones
- Prelude – trumpets, marching trumpets, marching baritones, marching euphoniums, marching mellophones, marching tubas, piccolos, flutes, clarinets, saxophones
- Vincent Bach – trumpets, cornets, flugelhorns, trombones
- Woodwinds:
- Armstrong – flutes, piccolos
- Artley – clarinets
- Avanti – flutes
- Emerson – flutes, piccolos
- Galway Spirit Flutes – flutes
- Henri Selmer Paris – saxophones, clarinets
- Leblanc – clarinets
- Noblet – clarinets
- Selmer – saxophones, clarinets, flutes, oboes, bassoons
- Vito – clarinets
- Yanagisawa – saxophones
- Strings:
- Glaesel – violins, violas, cellos, double basses
- Scherl & Roth – violins, violas, cellos, double basses
- Wm. Lewis & Son – violins, violas, cellos, double basses
- Percussion and drums:
- Other:
- ArkivMusic – classical music recordings
- Listen Magazine – classical music magazines
- Steinway & Sons Label – record label[10]
[edit] References
- ^ "NYSE – Conglomerates – Steinway Musical Instruments". AnnualReports.com. IR Solutions. http://www.annualreports.com/Company/2055. Retrieved January 8, 2012.
- ^ "Pianos". Steinway Musical Instruments, Inc.. http://www.steinwaymusical.com/brands.php?id=11. Retrieved January 8, 2012.
- ^ "Brasswinds". Steinway Musical Instruments, Inc.. http://www.steinwaymusical.com/brands.php?id=31. Retrieved January 8, 2012.
- ^ "Woodwinds". Steinway Musical Instruments, Inc.. http://www.steinwaymusical.com/brands.php?id=30. Retrieved January 8, 2012.
- ^ "Strings". Steinway Musical Instruments, Inc.. http://www.steinwaymusical.com/brands.php?id=1. Retrieved January 8, 2012.
- ^ "Percussion". Steinway Musical Instruments, Inc.. http://www.steinwaymusical.com/brands.php?id=10. Retrieved January 8, 2012.
- ^ a b "Brands". Steinway Musical Instruments, Inc.. http://www.steinwaymusical.com/brands.php. Retrieved January 8, 2012.
- ^ "About us". Steinway Musical Instruments, Inc.. http://www.steinwaymusical.com/content/about_us.htm. Retrieved January 8, 2012.
- ^ "Form 10-Q – Quarterly report (Steinway Musical Instruments, Inc.)". Steinway Musical Instruments, Inc.. September 28, 1996. p. 12. http://www.sec.gov/Archives/edgar/data/911583/0000912057-96-025785.txt. Retrieved January 8, 2012. "On July 3, 1996, the Company changed its name from Selmer Industries, Inc. to Steinway Musical Instruments, Inc."
- ^ "Steinway & Sons Announces New Record Label". Steinway & Sons. October 12, 2010. http://www.steinway.com/news/press-releases/steinway-sons-announces-new-record-label/. Retrieved January 8, 2012.
[edit] External links
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