Selmer (Paris) is being sold!
I am on the company's mailing list, and got this email today. Is this the beginning of the end?
Dear Friend of Henri Selmer Paris,
Today is a special day for our company and its community, of which you are a prominent member.
130 years after its foundation our company has announced that it has entered into exclusive negotiations with a European growth-oriented private equity fund, Argos Soditic, for a change in ownership.
This is great news for our future, and we wanted to share this directly with you.
This transaction will help us to develop the company and maintain the extraordinary spirit of our products. With the support and strength of Argos, we will have additional resources to help us transform the business while maintaining the highest standards in our industry. We will become stronger to face the growing international demand, and better meet the expectations of our customers.
I will stay in office along with the management team. The objective to remain the unchallenged leader of saxophones and a major player of mouthpieces is shared with Argos along with the determination to strengthen our position in clarinets through our great new range.
As a sign of confidence in the future, some members of the Selmer family will remain shareholders, and the management team will invest along with Argos.
I’m pleased to send you attached the press release that we are sending out today. Today is going to be a very busy day, but I’m more than happy to provide you with more details if you wish.
Let me extend my thanks for your trust and recognition, and wish you all the best for 2018.
Chief Executive Officer