TheMusicMan
08.12.2005, 08:16
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 (http://news.ft.com/cms/s/93e43ec6-678f-11da-a650-0000779e2340.html)
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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 (http://news.ft.com/cms/s/93e43ec6-678f-11da-a650-0000779e2340.html)