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Gibson Guitar Corp, the world’s premier musical instrument manufacturer, on Friday announced the successful completion of a tender offer through a special purpose company for 54.6% of the issued and outstanding shares of Japan’s TEAC Corp, a recognized trailblazer in the audio visual industry. TEAC is one of the world’s top names in audio and visual equipment, and a leading producer of data storage equipment and related products.
As a result of this transaction, TEAC will become a member of the Gibson family, and it will also remain a listed company on the Tokyo Stock Exchange’s first section.
The company will continue to be led by the current management, as TEAC brings unique, forward- thinking technical and engineering capabilities in Japan to further enhance Gibson’s Pro Audio Division, with the ability to leverage Gibson’s global commercialization abilities.
Commenting on the closing of the transaction, Henry E. Juszkiewicz, Chairman and CEO of Gibson, said: “We are delighted to welcome TEAC into the Gibson family, and look forward to working closely with Yuji Hanabusa and his management team to build the largest music and sound business in the world with the ability to deliver an uncompromising entertainment experience to the customer, spanning musical instruments to the most innovative recording and audio/visual devices.”
© BusinessWire
4 Comments
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shinhiyata
Gibson rules !!! I have 3 SGs, 2 Flying Vs, 3 EB3 basses, a Thunderbird bass, and an FT165 acoustic 12 string. I wish I had more. I used to have a Strat, but I gave it away to one of my students.
ebisen
Shinhiyata yes, Gibson rules, especially with their shameless Jimi Hendrix edition Fender Stratocaster copy.what a sublime joke.
if it were me,I would sell your collection for a nice Les Paul. Now that's something...:)
shinhiyata
Shrimpbrain - the Hendrix Strat copy never reached production. Only marketing test prototypes exist. Do you think the Hendrix edition Flying V is also a sublime joke? Les Pauls are iconic guitars. I grew up in Canonsburg PA and I know Vic DaPra personally, but I don't play blues or classic rock. I play thrash metal. So a Les Paul is not on my wish list. And I would have to sell my house, my Land Rover, and my guitar collection to afford one of Vic's Les Pauls.
sfjp330
shinhiyata...Finding a good one is the trick. Not any different than any other mass produced guitar though... you gotta try a lot before you find the one that feels/sounds best for you.