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Re: Parson's Buys a Significant Interest in Grotrian
master88er #2446930 08/02/15 06:55 PM
Joined: May 2001
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Originally Posted by master88er


Petrof from private to government owned, to private and now investors from China; [*]Baldwin from private, to General Electric, then banks, now private American ownership.


I wasn't aware that Petrof was owned by Chinese investors, and Baldwin is owned by Gibson, not a private American owner (although Gibson is owned by an American, Henrey Juszkiewicz.)


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Re: Parson's Buys a Significant Interest in Grotrian
Steve Cohen #2446936 08/02/15 07:08 PM
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I was just released from my source (an excellent one) who had told me, originally in confidence, that Parsons bought a majority interest in Grotrian.

I was also told that Burkhard Stein, the current CEO would remain.


Piano Industry Consultant

Contributing Editor & Consultant - Acoustic & Digital Piano Buyer

Jasons Music
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Family Owned and Operated Since 1937.

www.jasonsmusic.com
My postings, unless stated otherwise, are my personal opinions, not those of my clients.
Re: Parson's Buys a Significant Interest in Grotrian
Steve Cohen #2446999 08/02/15 10:15 PM
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Originally Posted by Steve Cohen
I was just released from my source (an excellent one)


It must feel good to exhale.
Chris Mortensen should be as lucky as you. grin

@RAY 930

Sorry. I have no idea how much Parsons paid for Wilh. Steinberg. It wasn't an abrupt thing like a bankruptcy which might leave a paper trail. It was gradual. Steinberg broadened its sales base by adding two Chinese sub lines built to spec by Parsons. Parsons became an investor and eventually took over.


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