Piano maker Steinway is sold to US private equity firm

Posted on 2 Jul 2013

Private equity firm Kohlberg & Co will pay $438m (£288m) to acquire Steinway, the US manufacturer of pianos.

Steinway is being sold to private equity firm Kolberg. Photo courtesy of www.steinway-piano.com
Steinway Musical Instruments, founded 160-years ago but restructured with a modified name in 1995, had announced it was looking for a buyer earlier this year. The company makes a range of musical instruments including brass, woodwind and strings,…

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