Exciting News for the Pearl River Piano Company!

Sherry Carlisle Smith February 22, 2016 1 Min Read

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.

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