Yamaha buys Bosendorfer

[Michael Magness]

On Feb 7, 2008 9:51 AM, paul bruesch <paul at bruesch.net> wrote:

> 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 <http://www.ifixpianos.com/>
> > email mike at ifixpianos.com
> >
>
>

Paul, J Patrick and anyone else who doesn't read entire posts,

I was ANSWERING Rics query about this having come up a month or so ago, so I
found the news item in the archives copied and pasted it with the preface of
{ "You remembered right Ric but apparantly they were wrong or premature in
their report!  This is what was reported at the time." }

As I've said before PLEASE READ THE ENTIRE POST rather than parts of it and
jumping to conclusions and all over me. I didn't write the article from
November, I stated it was wrong, I just copied it for RicB's edification!

I did not say Boesendorfer was owned by Brodman, I SAID it was MIS-REPORTED
as being so in November and copied and pasted the article for Ric to see.
Unfortunately you and others cannot be bothered to read the entire post so
you mis-understood, your fault, not mine!!
You will note there has been no query from Ric about it, he understood it!

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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