Steinway Co sold to Kohlberg & Co

[indianajo]

Steinway, maker of the famous pianos, is being acquired for $438m (£288m) by the private equity firm Kohlberg & Co.  bbcnews 7/1/13

Kohlberg partner Christopher Anderson said the firm was looking to help Steinway expand globally, "while ensuring the artisanal manufacturing processes that make the company's products unique are preserved, celebrated and treasured".

What that means, IMHO, is that Kohlberg will replace as they retire the "artisans' working in New York & Hamburg with workers who will attempt to  perform the same quality process without the benefit of government safety regulation and supervision, health or retirement benefits, limited hours of work, flush toilets and potable running water, or buildings that stand up on their own.

[j_menz]

You appear to have missed this thread on the subject: https://www.pianostreet.com/smf/index.php?topic=51648.msg561223

[karenvcruz]

I was deeply saddened when I read this, although I am not familiar with Kohlberg.  I wonder though if they can preserve its quality and reputation given this change.

[faulty_damper]

... and Bosendorfer was bought by Yamaha!