Steinway Musical Instruments Inc (LVB)

Steinway Musical Instruments, Inc. manufactures and sells musical instruments worldwide. The company operates in two segments, Pianos, and Band and Orchestral Instruments. The Pianos segment offers grand and upright pianos; and services, such as repair, replacement part sales, pianos tuning and rental, and restoration services. This segment provides its pianos under the Steinway & Sons, Boston, and Essex brands to professional artists and amateur pianists, as well as to institutions, such as concert halls, universities, music schools, worship houses, hotels, and retirement homes through independent dealers. It also operates 15 retail showrooms, including 9 in the United States and 6 in Europe. The Band and Orchestral Instruments segment manufactures piccolos, flutes, clarinets, oboes, bassoons, trumpets, French horns, tubas, saxophones, and trombones, as well as intermediate and professional level woodwind and brass instruments under the Bach, Selmer, Selmer Paris, C.G. Conn, Leblanc, King, Armstrong, Holton, and Yanagisawa brands. This segment also offers acoustical and tuned percussion instruments, including outfit drums, marching drums, concert drums, marimbas, xylophones, vibraphones, orchestra bells, and chimes under the Ludwig and Musser names; and distributes violins, violas, cellos, and basses under the Glaesel, Scherl & Roth, and William Lewis & Son brands. In addition, it manufactures mouthpieces; and distributes accessories, such as music stands, batons, mallets, straps, mutes, reeds, pads, chin rests, strings, bows, cases, and instrument care products. This segment serves students, amateur and professional musicians, and institutions through independent musical instrument dealers and distributors. The company, through its online music retailer, ArkivMusic, produces and distributes classical music recordings. The company, formerly known as Selmer Industries, Inc., was founded in 1993 and is headquartered in Waltham, Massachusetts. As of September 19, 2013, Steinway Musical Instruments Inc. was taken private.