steinway accepts $438 million buyout from private equity firm

[alocispepraluger102]

http://bigstory.ap.org/article/steinway-accepts-438m-buyout-kohlberg-co

[Chuck Nessa]

They weren't "Steinway" anyway. While Chris Albertson and I worked for CBS they owned the piano company (and fender and rhodes). Don't know thge last "owners" but american corp stuff rules.

[alocispepraluger102]

They weren't "Steinway" anyway. While Chris Albertson and I worked for CBS they owned the piano company (and fender and rhodes). Don't know thge last "owners" but american corp stuff rules.

so there haven't been real steiners for generations???????????

[Chuck Nessa]

Who knows how corporations evolve?

[BeBop]

An interesting add to the Kohlberg portfolio - certainly a diverse mix! (Note: not Kohlberg, Kravis, Roberts. That's another firm.) Kohlberg owns Bauer (hockey stuff), Katy (janitorial), Hawkeye Pedershaab (manholes!), Aurora (funeral, cremation, burial supplies), some medical care companies, picture frames, auto glass, parking lots, sewing machines - the last one probably the closest "kin" to pianos.

[Chuck Nessa]

Ah, american methods.

[Hardbopjazz]

There is a PBS documentary on Steinway. It is really worth watching if you can catch it on TV or find it online. The actual name of the family was Steinweg. When they immigrated to America the oldest son, who was already living in NYC, felt it would be beneficial if the family would change their name to Steinway.

http://www.pbs.org/programs/note-by-note/

You can stream it if you have netflix

http://movies.netflix.com/WiMovie/Note_by_Note_The_Making_of_Steinway_L1037/70082641?locale=en-US

[Chuck Nessa]

So we should blame the Steinwegs, if we can find 'em.