View Single Post
  #16  
Old 07-02-2013, 07:45 AM
Bo Eder's Avatar
Bo Eder Bo Eder is offline
Platinum Member
 
Join Date: Jun 2010
Location: Southern California
Posts: 11,145
Default Re: Ludwig's parent company sold

Quote:
Originally Posted by bobdadruma View Post
Kohlberg & Company started as a hostile takeover corporate raider of large companies but they have mellowed a bit over the years and they now take over smaller companies. Either way I am sure that Ludwig will be split up and sold off.
Without knowing the financial status of Ludwig it is hard to say exactly what will happen.
I can't see Ludwig as being a financial asset though.
The prize that Kohlberg wanted was definitely Steinway.
Ludwig is just a knick knack that was in the house that they bought.
The snare drum division is the profit center for Ludwig.
The other divisions may be sold off.
Sounds kinda' dark there, Bob. We'll just have to wait and see what happens. Be brave, little toasters ;)
Reply With Quote