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Article: Music industry veterans purchase Lowrey Organ Co.
- Article from:
- PR Newswire
- Article date:
- December 27, 1984
CopyrightCOPYRIGHT 1984 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, Dec. 27 /PRNewswire/ -- The keyboard industry, if not dead, has been at least comatose for several years. Yet signs of an awakening became evident recently when some music industry veterans bought the Lowrey Organ Co.
The purchase of this Chicago-based company was one more instance of the music business returning to the hands of "insiders," music men who have spent their lives selling musical instruments and who still believe in the business. Conglomerates that gobbled up music businesses back in the 1960s and 1970s when the business was hot and profitable are divesting these properties.
Gary Grimes, president, and Glenn Derringer, ...