![]() ![]() It’s not the first sale for the legendary company, originally founded by Henry Engelhard Steinway in 1853: Steinway was first sold to CBS in 1972, in part to help fund a modernization overhaul. And, as of Monday, they’ve agreed to be acquired by private equity firm Kohlberg & Co. For 160 years, Steinway & Sons has been hand-assembling pianos, continuing to do so after its rivals had begun automating aspects of this process. Steinway’s list of steadfast artists, living or departed, is unparalleled, and Steinway pianos are among the highest prized music-making devices in a family of instruments that represents some of the most elaborate and sophisticated acoustic technology ever devised. So did Duke Ellington, Glenn Gould, Cole Porter, Vladimir Horowitz and Sergei Rachmaninoff. ![]()
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