Steinway Musical Instruments (LVB) is about to be taken private in a $438 million deal with an affiliate of Kohlberg & Company, a private equity investment firm.
Last year we toured the Steinway & Sons factory in Astoria. (Watch the above video to see the inside of the Astoria factory, courtesy of Mamta Badkar/Business Insider.) The company is a subsidiary of Steinway Musical Instruments with two factories: one in New York, the other in Hamburg.
Steinway prides itself on having retained manufacturing jobs