Steinway Musical Instruments, Inc.

Sector: Musical Instruments Region: MA, United States

Exchange/Ticker: New York Stock Exchange: LVB

Company Description

Steinway Musical Instruments, Inc. through its subsidiaries designs, manufactures and markets musical instruments. It operates through two segments: Pianos and Band & Orchestral Instruments. The Piano segment is comprised of two main categories: grand pianos and upright pianos. It offers Steinway upright pianos and two mid-priced lines of pianos under the Boston and Essex brand names. This segment is also an online retailer of classical music. Its customer base consists of professional artists, amateur pianists, and institutions, such as concert halls, universities, and music schools. The Band segment manufactures band and orchestral instruments and offers a complete line of brass, woodwind, percussion and string instruments and related accessories with well-known brand names. It sells products through dealers and distributors worldwide. This segment's customer base consists primarily of middle school and high school students, adult amateur and professional musicians. The company was founded in 1993 and is headquartered in Waltham, MA.

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