Steinway announces agreement in principle to sell band division
Steinway Musical Instruments Inc., a company with offices in Waltham, has reached an agreement in principle to sell its band division to an investor group. The company may be best known for Steinway & Sons pianos, but its product line also includes Bach Stradivarius trumpets, Selmer Paris saxophones, and C.G. Conn French horns. The investor group interested in buying the company’s band division is led by two current directors of the company.