For what it's worth:
Steinway & Sons buys Louis Renner
30.07.2019 news newsletter
Steinway & Sons has announced the purchase of Louis Renner GmbH & Co. KG. Renner will continue to supply all manufacturers.
Steinway & Sons has been one of Renner's biggest customers for more than a century. Renner manufactures parts such as mechanisms, hammer heads, special parts and tools at the locations Gätringen and Meuselwitz. The fact that Renner is now part of the company makes Steinway & Sons proud and also sets an example for Germany as a manufacturer of pianos.
"We are very pleased that Renner is now part of our group of companies. Like us, the company has a very long tradition, is a leader in its segment, and delivers to customers worldwide with outstanding quality. We associate the same values. It is important that Renner continue to work independently, so the acquisition will only be positive for the company, its employees, and especially for the industry and its customers, "said Guido Zimmermann, President Steinway & Sons Hamburg.
Clemens von Arnim, managing director and former partner of Renner, is also thrilled with the acquisition by Steinway & Sons. Together with Sabine Manal (CFO), he will continue to run the business of Louis Renner, thus ensuring continuity. "For us it is important that we continue our production after the acquisition and continue to supply all piano manufacturers with the usual best quality. The fact that we were able to win over Steinway & Sons as a buyer for our family business makes me very happy and makes me look optimistically into the future, "says Clemens von Arnim, the great-grandson of one of Renner's founders.
Steinway & Sons guarantees the continued employment of all nearly 200 employees of the company Renner in Gärtringen near Stuttgart and Meuselwitz near Leipzig. Because not least for this reason, it is ensured that the industry is supplied with the usual excellent components for pianos and grand pianos.
With this acquisition, Steinway claims to include past strategic acquisitions, which also served to ensure that the piano industry can be supplied with critical components for the long term. These include the company Kluge GmbH in Remscheid as the largest European manufacturer of keyboards and the O.S. Kelly Company in Ohio, the largest US cast iron manufacturer. Steinway & Sons has also partnered with these companies for decades as a supplier and guarantees the supply of the piano manufacturers as usual.
Link is in German. The above is google's translation.
https://www.das-musikinstrument.de/lesen/detail/News/steinway-sons-kauft-louis-renner/------------------------------
Karl Roeder
Pompano Beach FL
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