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MMR Industry Record

2013 Music Products Industry Archive — Acquisitions

Search and browse MMR’s music products industry reporting timeline, connecting companies, people, products, NAMM coverage and market developments across the digital archive.

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Line 6 to be Acquired by Yamaha Corporation

Yamaha Corporation and Line 6, Inc. have announced a definitive agreement for Yamaha to acquire Line 6. The acquisition expands Yamaha’s portfolio of modeling guitar processing products as well as…

Introducing D'Addario Woodwinds

Since D’Addario’s acquisition of Rico in 2004 it has always been the company’s goal to respect and improve upon the legacy of the Rico brand; this will never change. However,…

MI SalesTrak Celebrates 10th Anniversary

[caption id="attachment_48544" align="alignleft" width="800"]Jim Hirschberg of SalesTrak[/caption]Before Clark Johnson and Jim Hirschberg brought the practice of using objective retail sales data to the MI industry, decisions were ultimately just guesswork.…

Little Kids Rock and Ear Candy Join Forces

Little Kids Rock, the leading non-profit provider of free music lessons, instruments and teacher training to U.S. public schools, and Ear Candy Charity, an Arizona-based non-profit that also provides youth…

HARMAN International Acquires Duran Audio

HARMAN recently announced the acquisition of privately-held Duran Audio BV.  The acquisition provides HARMAN with access to innovative electro-acoustic and software-based directivity control technologies including the successful AXYS® Intellivox line of “steerable” columns.…

NAMM Musikmesse Russia and Prolight + Sound NAMM Russia Integrate the ‘Music Moscow’ Musical-Instrument Fair

NAMM Musikmesse Russia and Prolight + Sound NAMM Russia have taken over ‘Music Moscow,’ bringing a complete musical instrument, music-products, and event technology experience to better serve the rapidly growing…

Bedell Guitars - 'We Can All Win Together'

[caption id="attachment_48416" align="alignleft" width="800"]Tom Bedell on a trip to Alaska earlier this year to check on the harvesting of Sitka spruce for 2013 instruments.[/caption]In 2009, MMR profiled the then-new Bedell…

Music for All Considers Extension of Programming

Arts education leaders, advocates, and educators from across the nation responded to an invitation from Music for All to help it identify priorities and supporting initiatives for its next strategic…

Gibson Set to Acquire Cakewalk

Adding to a growing – and at this point sizable – list of recent acquisitions of MI operations outside of the guitar realm, Gibson Brands is poised to take control of…

Gibson to Acquire Cakewalk Inc.

Gibson Brands has entered into a letter of intent with Roland Corporation and Cakewalk, Inc. for Gibson to acquire Cakewalk pursuant to definitive acquisition agreements to be negotiated by the parties.…

Paulson & Co. Announces Completion of Acquisition of Steinway

 On September 19, an affiliate of investment firm Paulson & Co. Inc. (“Paulson”) and Steinway Musical Instruments, Inc. (“Steinway” or the “Company”) (NYSE: LVB), announced the successful completion of Paulson’s…

PreSonus Acquires Notion Music

[caption id="attachment_48295" align="alignleft"]Notion President Jim Boitnott, PreSonus Chairman Kevin Couhig and CEO Jim Mack [/caption]PreSonus® has acquired the assets of Notion Music, Inc., a leading developer of music-notation software located in…

Shure Adds Trocha to Executive Staff

Shure Incorporated today announced that Chester Trocha joined the company as its senior vice president of Operations. Chester joins Shure from Zebra Technologies, a manufacturer of thermal printers, where he…

Steinway Announces Early Termination of HSR Waiting Period

On September 5, Steinway Musical Instruments, Inc. (the “Company”) (NYSE: LVB) and investment firm Paulson & Co. Inc. (“Paulson”) announced that the Federal Trade Commission (the “FTC”) has granted early…

New Dates & Venue for 2014 NAMM Musikmesse Russia and Prolight + Sound NAMM Russia

​NAMM Musikmesse Russia and Prolight + Sound NAMM Russia's 2014 edition will now be held September 18-21 and September 18-20, 2014 respectively and in a new, modern venue, the IEC…

Steinway Deal Turnaround: Billionaire John Paulson Beats Kohlberg Offer

In a surprise move, billionaire John Paulson looks set to take the keys of Steinway Musical Instruments. Private equity firm Kohlberg & Co., which had made an offer on the…

New Developments in Steinway Sale

As reported in MMR, on July 1 Steinway Musical Instruments agreed to an acquisition by private equity firm, Kohlberg & Co. The deal was for a reported $438 million and…

Steinway Reports Second Quarter 2013 Results

Steinway Musical Instruments, Inc. (NYSE: LVB) has announced its financial results for the second quarter and six months ended June 30, 2013.Net sales for the second quarter of 2013 totaled…

Best & Worst of Show, Summer NAMM 2013!

[caption id="attachment_47961" align="alignleft"]D'Addario's Giveaway Table![/caption]Best Free StuffLook, it’s been included before, but that doesn’t diminish the relevance: as part of D’Addario’s annual pre-show bash, the company hosts a giveaway area that is generously stocked…

Nothing Endures But Change

[caption id="attachment_47730" align="alignleft"]This year's Summer NAMM will be held in the brand new Music City Center.[/caption]The notoriously dour philosopher Heraclitus issued the maxim from which this editorial takes its title…

Music & Arts’ Allan Greenberg

[caption id="attachment_47705" align="alignleft"]Music & Arts recently purchased Anaheim Band Instruments, shown here.[/caption]Music & Arts has been expanding at a healthy clip of late (check out this year’s Profile of the…

Steinway Sale Announced for $438 Million

Steinway Musical Instruments agreed this week to its acquisition by private equity firm Kohlberg & Company. The deal is reportedly worth $438 million and is expected to close in this…

Gibson Officially Switches to 'Gibson Brands' Name

[caption id="attachment_47606" align="alignleft"]Gibson Brands.[/caption]Recent acquisitions in the pro audio realm have broadened Gibson’s range of product offerings considerably and, to reflect this, Gibson Guitar Corp. has become Gibson Brands.

Robert M. Sides Family Music Acquires Haines Music

Fukutome Named President of Yamaha Corporation of America

[caption id="attachment_47405" align="alignleft"]Hitoshi Fukutome[/caption]Hitoshi Fukutome has been named president of Yamaha Corporation of America (YCA). He succeeds Takuya “Tak” Nakata, who will return to Yamaha Corporation Japan (YCJ) to lead…