Pearl River Piano takes majority stake in Schimmel!
Date: 20 Jan 2016
Guangzhou Pearl River Piano Group announced on Tuesday that its wholly-owned subsidiary in Europe had signed an agreement to purchase a 90% stake in Europe’s largest piano maker, Josef Schimmel GmbH & Co. KG, for €24m.
Engaged in the production and distribution of pianos, Germany-based Schimmel operates under the brands Konzert, Classic, International and Wilhelm.
