Yamaha buys Bosendorfer

[paul bruesch]

Hmmm, Mike, I'm confused. The boesendorfer.com link from Arnold contains a
date (12/20) which is subsequent to the date (11/19) of your copy/pasted
"post to Ric". The following link to a forbes.com item indicates (also with
a date [11/30] subsequent to your post's) that Brodmann was unable to beat a
considerable bid from the Yamahampsters.

http://tinyurl.com/ysbbf9

Help me/us understand how it is that Boesendorfer is owned by Brodmann.

Paul Bruesch
Stillwater, MN

On Feb 7, 2008 9:18 AM, Michael Magness <IFixPianos at yahoo.com> wrote:

>
>
> On Feb 6, 2008 9:56 AM, Arnold Duin <aduin at euronet.nl> wrote:
>
> >  Michael,
> >
> > Yamaha did buy Bosendorfer
> >
> > http://www.boesendorfer.com/index.php?menu=89&dsp=100&act=det&id=1471&lang=en
> >
> > Arnold Duin
> >
> > ----- Original Message -----
> > *From:* Michael Magness <IFixPianos at yahoo.com>
> > *To:* Pianotech List <pianotech at ptg.org>
> > *Sent:* Wednesday, February 06, 2008 3:45 PM
> > *Subject:* Re: Yamaha buys Bosendorfer
> >
> >
> >
> > On Feb 6, 2008 12:50 AM, Richard Brekne <ricb at pianostemmer.no> wrote:
> >
> > > This came up about a month or so back... didnt know it was a final
> > > deal.
> > > There was another company in the picture and it still seemed a bit up
> > > in
> > > the air.
> > >
> > > Cheers
> > > RicB
> > >
> > >
> > >    Hey guys. I just read that Yamaha has bought Bosendorfer. You
> > >    probably already knew this, but it's news to me. Any comments?
> > >  Gerald McC
> > >
> >
> >
> >
> > > You remembered right Ric but apparantly they were wrong or premature
> > > in their report! This is what was reported at the time.
> > >
> >
> > Piano Maker Bösendorfer Sold
> > By Matthew Westphal
> > November 19, 2007
> > The fabled Austrian piano manufacturer Bösendorfer has been sold for
> > just under €11 million, according to the Austrian national broadcaster ORF
> > and Deutsche Presse-Agentur. The purchaser, Brodmann Pianos of Vienna, beat
> > out rival Yamaha Pianos of Japan.
> > Bösendorfer — whose instruments have been considered to rank at the
> > highest level of quality, alongside those of Steinway, Bechstein and Pleyel
> > — has been struggling financially in recent years, with a loss of €2 million
> > in 2006 and accumulated debt of €8 million, according to DPA.
> > The Austrian banking group BAWAG acquired Bösendorfer in 2001 for about
> > US$25 million; the sale of the piano maker follows the purchase of BAWAG by
> > the US hedge fund Cerberus earlier this year.
> > Brodmann Pianos was founded by Joseph Brodmann, who was the teacher of
> > Ignaz Bösendorfer. The apprentice acquired his master's company and created
> > Bösendorfer Pianos in 1828 (though the two firms subsequently split).
> > Brodmann's current chief, Christian Höferl, is a former Bösendorfer sales
> > executive.
> > According to DPA, Bösendorfer staff demanded guarantees that
> > manufacturing operations would not be moved abroad, maintaining that the
> > Austrian provenance of the company's pianos is an integral part of their
> > identity.
> >
> > Mike
> > --
> > Age is an issue of mind over matter. If you don't mind, it doesn't
> > matter.
> > Michael Magness
> > Magness Piano Service
> > 608-786-4404
> > www.IFixPianos.com <http://www.ifixpianos.com/>
> > email mike at ifixpianos.com
> >
> >
> Arnold,
>
> As I stated in the post to Ric, they were wrong or premature in their
> report, check the date on the article and PLEASE read ALL of what I write
> before correcting me!
>
> Mike
> --
> Age is an issue of mind over matter. If you don't mind, it doesn't matter.
> Michael Magness
> Magness Piano Service
> 608-786-4404
> www.IFixPianos.com
> email mike at ifixpianos.com
>
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