Famed piano makers have apparently been sold to private equity firm Kohlberg & Company for $438 million.

 steinway piano sold
photo via New York Times

This is not the first time the 160-year old piano maker has been sold.  Founded in 1853 in Manhattan by German immigrant Henry Engelhard Steinway (originally known as Heinrich Engelhard Steinweg) and his three sons, the company which became the world’s largest piano manufacturer by 1860 was sold to Selmer Industries in 1995.

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