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Article: STEINWAY AND SELMER ANNOUNCE MERGER

Article from:
PR Newswire
Article date:
April 18, 1995
Copyright

Premier Concert Piano Maker, Leading Band Instrument Manufacturer To 

 
  Retain Autonomy After Consolidation

NEW YORK, April 18 /PRNewswire/ -- The Selmer Company, Inc. and Steinway Musical Properties, Inc. (SMP) today announced that they have entered into a binding merger agreement. SMP is the owner of Steinway & Sons, makers of the world famous Steinway Piano, and Selmer is a renowned maker of band and orchestral instruments. The company resulting from the merger will be the largest of its type in the United States, with annual sales of nearly one quarter billion dollars.

Selmer and Steinway will continue to operate as independent ...

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