Report in FT seems like Besson goes into administration..

Discussion in 'tMP Site News & Suggestions' started by TheMusicMan, Dec 8, 2005.

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  1. TheMusicMan

    TheMusicMan tMP Founder Staff Member

    With an announcement in this mornings Financial Times it would seem that Besson, manufacturer and supplier of a huge range of quality instruments to brass players around the globe has officially gone ito administration. Here's what the FT says;

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    Besson, the brass instrument maker established in the 19th century by Gustave Auguste Besson, has gone into administration.

    The Watford-based company is one of a number of instrument making businesses sold by Boosey & Hawkes to The Music Group in a £33.2m buy-out backed by Rutland Partners in 2003.

    The company, which has supplied instruments to orchestral players, northern (!) brass bands and school children for generations, proved "too small a business competing with scale producers," according to Rutland Partners.

    In August, The Music Group successfully disposed of its Buffet Crampon clarinet business for E37m (£25m), following the earlier sales of Rico Holdings, its US musical accessories operation for $22m (£12.7m), along with its Hofner guitar and basses division and Winter instrument cases offshoot.

    Grant Thornton has been appointed administrators of the Besson business.

    The Music Group continues to operate its W Schreiber woodwind instrument business in Germany.
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    Financial Times
     
    Last edited by a moderator: Dec 8, 2005
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  3. jingleram

    jingleram Active Member

    Does this mean that they will no longer be producing instruments?
     
  4. dyl

    dyl Active Member

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