April 19, 1995

  • New York Times reports that Robert and John Birmingham have sold Steinway & Sons for $100,000,000 to Selmer Musical Instruments, maker of clarinets and saxophones, owned by Dana Messina and Kyle Kirkland, former investment bankers.
  • The Birmingham brothers have sold Steinway & Sons because they have been offered a good price for it, and had intended to pursue separate investments.
  • Bruce Stevens remains the president of Steinway & Sons, under the new owner.