Recently I sat down with June Wang from Pearl River Piano Group and corresponded with Rob Slayman from Schimmel Piano to discuss their strategic alliance as I was curious how it had affected both companies. It was announced at NAMM 2016 that Pearl River had purchased a controlling interest in the Schimmel company.
Why do piano companies purchase other piano companies? We hear of company mergers in the news all the time. What is the impetus – the driving force for one piano company to acquire another piano company? If we paint with large brush strokes, on one side there is massive demand to be fulfilled in China. Nearly 80% of the world’s piano purchases happen in China.… Read More