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Old 07-25-2004, 11:30 PM   #1
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Holton LeBlanc was sold ....

http://www.corporate-ir.net/ireye/ir...item_id=595323

Quote:
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.
Now Steinway owns:

Conn
Selmer
Benge
Bach
King
Ludwig
Musser
Glaesel
Artley
Scherl & Roth
Hermann Beyer
Otto Brückner
Armstrong
Emerson
Holton
LeBlanc
Martin

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.

Jim
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Old 07-26-2004, 05:10 PM   #2
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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.

Jim
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Old 07-26-2004, 09:14 PM   #3
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Thats quite an impressive list Steinway has there Jim

Its a bit like the Eclipse empire

So far we have:-

Eclipse and ermm , well thats it to be honest

But i was thinking of trying to buy some of those indian trumpet companies just to make my list a little longer

I wonder what Steinway's list will look like in 10 years time?

Maybe some other companies will have been swallowed up? although the current list doesnt leave many to be had does it.

Regards

Leigh
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Old 07-27-2004, 03:16 AM   #4
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Quote:
Originally Posted by eclipse trumpets
Thats quite an impressive list Steinway has there Jim

... I wonder what Steinway's list will look like in 10 years time?

Maybe some other companies will have been swallowed up? although the current list doesnt leave many to be had does it.
Leigh,

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?

Jim
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Old 07-27-2004, 01:30 PM   #5
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Steinway is the GE of the music business.

BTW Leigh, any more consideration to moving to the states? We'd love to have you!

Greg
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Old 07-27-2004, 03:05 PM   #6
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Well ....

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.

Jim
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Old 07-29-2004, 09:02 AM   #7
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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.
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Old 07-29-2004, 12:33 PM   #8
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Quote:
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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?

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?

Jim
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Old 07-31-2004, 10:28 PM   #9
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BWTM-- (but wait there's more.)

Jim? How about the student line called--- "Half Moon"
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Old 07-31-2004, 10:33 PM   #10
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Quote:
Originally Posted by mark935
BWTM-- (but wait there's more.)

Jim? How about the student line called--- "Half Moon"
Don't the Chinese make a horn like that ....

No wait, that is half - something else. Fill in the thought.

Jim
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