Gibson Guitar, TC Group Merge
Mar 1, 2008 12:00 PM, Compiled by Sarah Benzuly
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Gibson Guitar chairman/CEO Henry Juszkiewicz (pictured at right) and TC Group CEO Anders Fauerskov held a press conference at Winter NAMM, where they disclosed that the two companies will merge.
“This merger will revolutionize the music industry for many years to come,” said Juszkiewicz. “The synergy between the two companies will allow us an enormous advantage in the development of new audio technologies.”
“The opportunities ahead are very exciting for us,” said Fauerskov. “This merger will create exciting new opportunities for all employees within TC Group and Gibson, and in particular fantastic new tools for our markets and customers.”
Under the terms of the new merger, Fauerskov will remain based in Europe and serve as COO of the new combined Gibson Guitar Corp. The two companies expect to finalize the deal by the end of February 2008.
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