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Old 07-01-2013, 07:32 PM
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Default Ludwig's parent company sold

Ludwig drums are, as many know, owned by Conn-Selmer.

Conn-Selmer is actually a division of Steinway Musical Instruments.

And now:

http://dealbook.nytimes.com/2013/07/...-million/?_r=0

Quote:
Steinway Sold to Private Equity Firm for $438 Million

Steinway Musical Instruments announced on Monday that it had agreed to be acquired by the private equity firm Kohlberg & Company in a deal worth roughly $438 million.

The offer of $35 a share represents a 33 percent premium over Steinway’s average closing price in the 90 trading days that ended June 28. Compared with the average closing price during the 52 weeks that ended June 28, the offer represents a premium of 45 percent, the company said
I doubt this will effect Ludwig itself very much, if at all for now.

But what the future may hold, who knows.
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