[CAUT] Bosendorfer

[Ron Berry]

Whoops, I spoke to soon based on yesterday's news. It looks like the 
Brodmann deal fell through and Yamaha is finalizing the sale.

see  http://www.ptg.org/blog

ron


On 28 Nov 2007 at 17:20, Michael Magness wrote:

> 
> 
> 
> On Nov 28, 2007 1:44 PM, Paul T Williams <pwilliams4 at unlnotes.unl.edu> wrote:
>     
>     Hi all,
>     
>     While de-bushing a set of keys I just heard on Classical Minnesota Public Radio that 
>     Bosendorfer may be bought by Yamaha. Any truth to this?
>     
>     Hei Hei,
>     
>     Paul 
> 
> 
> 
> Hi To All, 
> 
> You really should read the posts on the list!! 
> Copied and pasted from Kent's original post on 11/20/07 
> 
> 
> Kent Swafford to Pianotech
> show details Nov 20 (9 days ago) Reply 
> 
> 
> 
> Piano Maker Bösendorfer Sold
> By Matthew Westphal
> November 19, 2007
> The fabled Austrian piano manufacturer Bösendorfer has been sold for just under EUR11 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 EUR2 million in 2006 and accumulated debt of EUR8 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.
> 
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> 
> Mike 
> --
> Make it idiot proof and someone will make a better idiot.
> Michael Magness
> Magness Piano Service
> 608-786-4404
> www.IFixPianos.com
> email mike at ifixpianos.com

----------------------
Ron Berry Piano Service
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ron at berrypiano.com 
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