Trumpet Discussion Discuss Holton LeBlanc was sold .... in the General forums; http://www.corporate-ir.net/ireye/ir...item_id=595323
Steinway to Acquire G. Leblanc
WALTHAM, Mass., July 22 /PRNewswire-FirstCall/ -- Steinway Musical Instruments, Inc. (NYSE: LVB) today announced ...
Holton LeBlanc was sold ....
Now Steinway owns: Steinway to Acquire G. Leblanc
WALTHAM, Mass., July 22 /PRNewswire-FirstCall/ -- Steinway Musical Instruments, Inc. (NYSE: LVB) today announced that it has signed an agreement to acquire substantially all the assets of G. Leblanc Corporation of Wisconsin for approximately $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 revenues of $28 million for 2004.
Scherl & Roth
And a few other brands. It is sad to see Holton in the mix. I think this will open the door wider for Shires, Edwards, Yamaha, Getzen, Eclipse, and Kanstul. The German horns such as B&S will make a strong presence too.
I think this hurts the Chinese imports greatly. It will be hard to sell crap if Steinway sells decent stuff at a good price. They seem to be consolidating lines in a way that makes some sense. No more Benge trombones. Probably no more Holton trombones (maybe they will keep the popular bass trombones). Who knows about Martin.
I have a Holton horn. I have been a fan of Holton, a company proud of its name and its founder. Now a part of Steinway.
Now for the rumor mill ....
I cannot find any official reports of this -- but a Conn-Selmer artist said the sale fell through. If I find out anything more (with some confirmation) I'll let the board know.
Originally Posted by eclipse trumpets
The good thing about this is that I think Eclipse becomes more prominent. Steinway has already made it known that they think the bucks are in the beginner's market. Sure they will carry high end "pro" horns, but that will not be their focus. This may really give the China/India horns a run for their money.
But, I think if you want a high quality pro horn, the smaller shops may be the way to go. You may have to open up a second shop: Total Eclipse or Lunar Eclipse, or maybe Eklipse. :) Maybe a hot new jazz horn called Solar Flare (what got me going?) or a Flugel line called Moonlight. 8)
Anyway, I think Eclipse and the other smaller professional makers will have new markets open up that Steinway will leave open as they attack the beginner's market.
Will you make me a trombone?
Steinway is the GE of the music business.
BTW Leigh, any more consideration to moving to the states? We'd love to have you!
Stop acting like someone shot your dog.
Some respected people in the know say the sale is as done as done gets on these things. Of course, during the closing process it could still fall through, but no one is expecting that.
Steinway owns a big chunk of the North American musical instrument production. Watch for lines to be consolidated and some eliminated.
heres a thought that just came to mind, wont this sale give bach access to the original Mt. Vernon mandrels that were owned by holton? maybe the bach mt vernon is on its way back.
Now wouldn't THAT be interesting. Bach bringing back the Mt. Vernon. It is a great idea. Send it to Steinway. I'll bet that idea has crossed the mind of Leblanc Chairman and CEO Leon Pascucci. He is staying on. Who would make it, Bach or Holton?
Originally Posted by musicalmason
What would you call it? An Elkhorn Mt. Vernon?
I guess you could call it a Mt. Vernon. Kanstul makes a "Chicago" model in LA. LA Sax makes their instruments in Texas. The new "Elkhart" horns are made in China or Taiwan. Oh, what is in a name?
BWTM-- (but wait there's more.)
Jim? How about the student line called--- "Half Moon"
Don't the Chinese make a horn like that ....
Originally Posted by mark935
No wait, that is half - something else. Fill in the thought.
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