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Home > Company Index > Consumer Products-Durables  > Toys, Games & Other Recreational Goods > Steinway Musical Instruments, Inc.

Steinway Musical Instruments, Inc.
NYSE: LVB
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 PROFILE
Steinway Musical Instruments doesn't view business just in terms of black and white anymore. Although best known for handcrafting concert grand pianos that are played by the world's most esteemed musicians, nearly half of its sales come from its Selmer subsidiary, a maker of band and orchestral instruments. Selmer is the #1 US maker of band instruments, including Selmer Paris saxophones, Bach trumpets and trombones, and Ludwig drums. Steinway sells three lines of pianos in three expense ranges (the elite Steinway, the mid-priced Boston, and the lower-priced Essex) through six retail showrooms and some 200 independent dealers worldwide. Chairman Kyle Kirland and CEO Dana Messina own 85% of Steinway's voting shares.

 COMPETITION
Baldwin Piano & Organ Company (BPAOQ)
Yamaha Corporation (dossier)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 331.70
1-Yr. Sales Growth: 8.9%
Employees: 3,060
Revenue per employee: $108,398.69

 KEY PEOPLE
• Dana D. Messina
    CEO
• Dennis M. Hanson
    CFO

 CONTACT INFO
800 South St., Ste. 425
Waltham, MA 02453
US
Phone: 781-894-9770
Fax: 781-894-9803
Online: Web Site

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