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| {{Short description|South Korean musical instrument manufacturing company}} | |||
| {{Refimprove|section}} | |||
| {{Use dmy dates|date=November 2013}} | |||
| '''Samick''' is the name of a ]-based musical instrument manufacturer, one of the largest in the world. | |||
| {{Infobox company | |||
| | name = Samick | |||
| | type = | |||
| | logo =Samick corp logo.png | |||
| | logo_size = 250px | |||
| | industry = ]s | |||
| | foundation = {{start date and age|1958}} | |||
| | founder = Lee Hyo-Ik | |||
| | location = | |||
| | location_city =] | |||
| | location_country = ] | |||
| | area_served = Worldwide | |||
| | key_people = | |||
| | products = ]s, ]s, and ]s | |||
| | production = | |||
| | revenue = | |||
| | operating_income = | |||
| | net_income = | |||
| | assets = | |||
| | equity = | |||
| | owner = | |||
| | num_employees = | |||
| | parent = | |||
| | divisions = | |||
| | brands = {{nowrap| | |||
| * Greg Bennett | |||
| * Kohler & Campbell | |||
| * Pramberger | |||
| * San Mateo | |||
| * ] | |||
| * ] | |||
| * Stony River | |||
| * ] | |||
| }} | |||
| | market cap = | |||
| ⚫ | | homepage = | ||
| }} | |||
| ] | |||
| '''Samick Musical Instruments Co., Ltd.''' ({{Korean|hangul=삼익악기}}{{kse|002450}}, also known as '''Samick''') is a South Korean ] manufacturer. Founded in 1958 as Samick Pianos, it is now one of the world's largest musical instrument manufacturers and an owner of ] in several musical instrument manufacturing companies. | |||
| Apart from its own brand, Samick manufactures musical instruments through its subsidiary brands, including pianos under the brands ], Pramberger, Kohler & Campbell, and ]; and guitars under the brands Greg Bennett, ], Stony River, and San Mateo. | |||
| The name refers to the entire ], which owns several manufacturers of pianos, guitars, and other instruments. The company started as 'Samick Pianos' in 1958, manufacturing pianos sold under the Samick name. | |||
| ==Operations== | |||
| ⚫ | In 1992, Samick built its P.T. Samick factory in |
||
| {{Unreferenced|1=section|date=February 2012}} | |||
| ⚫ | In 1992, Samick built its P.T. Samick factory in Cileungsi, near ], Indonesia. This factory produces the majority of instruments that Samick makes. | ||
| ⚫ | North American operations are performed from its North American Corporate Headquarters in ] (completed July 2007). This {{convert|214000|sqft|m2|abbr=on}} facility is responsible for all administrative activities for the North American market, as well as acting as a distribution center for its guitars and acoustic/digital pianos. The facility manufactures of a small number of acoustic pianos, sold under the Knabe brand.{{citation needed|date=August 2024}} | ||
| With factories in various Asian countries, Samick manufactures a large share of all electric guitars on today's market, mostly for other brands. | |||
| ==Guitar manufacturing and OEM supply== | |||
| Samick Musical Instruments have always made a wide range of guitars, from starter models to professional instruments. The Samick Artist series, for example, are known as high-quality guitars; they were made under the Samick name from the mid-1980s till the late-'90s. Since 1999 the electric guitars made by Samick no longer carry the Samick name; they are now called Greg Bennett Guitars. Some other brands Samick builds guitars for are Epiphone, Gibson, Washburn, and Hohner. Recently have signed their first signature to Michael Graham of East Coast Ambitions with a signature Samick F100 | |||
| ] | |||
| Samick guitars are manufactured under different brand names and made by a number of different makers, including Greg Bennett and J.T. Riboloff (a former ] at ]).<ref>{{cite news|url=http://www.vintageguitar.com/jt-riboloff/|title=JT Riboloff|work=]|access-date=2 February 2012}}</ref> Some other Samick-built guitars are sold under ], ], ], ], ], and other brands. | |||
| === Greg Bennett Guitars === | |||
| Samick also has a wide range of pianos. Its acoustic piano brands include Samick, ], Wm. Knabe & Co., Sohmer & Co., Kohler & Campbell, and Gebrüder Schulze; and it has digital piano brands of Kohler and Symphonia. It attempted to acquire ], but the merger was not approved by the government. Samick also sells pianos to the German ] who is listed on the ]. Major shareholders are Karl Schulze and ] (19,5%) of ]. | |||
| American luthier Greg Bennett designed a line of guitars for Samick. The guitars have ] designed by ], ]s from Grover, and bridges by Wilkinson. Woods used include ovangkol and ebony from Africa, rosewood from India, and rock maple from North America. Instruments under the Greg Bennett label are electric, acoustic and archtop guitars, electric and acoustic basses, ]s, ]s, ]s and ]s.<ref name=About> | |||
| ⚫ | In addition, Bechstein and Samick have a |
||
| {{cite web | |||
| | title= About Greg Bennett | |||
| | work= Greg Bennett Guitars | |||
| | publisher= Samick | |||
| | url= http://www.gregbennettguitars.com/about.html | |||
| | access-date= 12 November 2011 | |||
| }} | |||
| </ref> | |||
| Bennett died on June 29, 2020, at the age of 69.<ref>{{cite web|url=https://www.williamsonhomepage.com/obituaries/gregory-burr-bennett/article_cdc548b6-b585-11ea-b990-93fca99d166f.html|title=Gregory Burr Bennett|work=Williamson Home Page|date=June 23, 2020|access-date=November 19, 2020}}</ref> | |||
| ⚫ | North American operations are performed from its |
||
| ==Piano manufacturing and brand management== | |||
| ⚫ | == |
||
| Samick also has a wide range of pianos. Its acoustic piano brands include Samick, ], ], Kohler & Campbell, and Gebrüder Schulze; and it has digital piano brands of Kohler, Samick Digital, and Symphonia. Samick recently announced the discontinuation of the ] brand.{{When|date=June 2021}} | |||
| In 2004, Samick gained controlling interest in competitor ], but antitrust rulings in the U.S. and Korea ended the merger a year later.<ref>Fine, Larry. (editor.) Acoustic and Digital Piano Buyer. Fall 2010. p. .</ref> From 2003 to 2009 Samick was associated with German ]. | |||
| * | |||
| ⚫ | In addition, Bechstein and Samick have a joint venture factory in Shanghai, China. In October 2008, Samick announced its purchase of ], another German piano company, that is generally agreed to compete with Bechstein at both price point and overall quality. The announcement raises questions about the continued viability of relationship between Samick and Bechstein . | ||
| * | |||
| In late 2009, Samick acquired a 16.5% share of ]. By November 2010, Samick's share in Steinway Musical Instruments increased to 32%.<ref>Snowdown, Ross. "" ''Yorkshire Post'', 15 November 2010.</ref> In 2013, John Paulson outbid Samick when Steinway and Sons was taken private.<ref>{{cite news| title=Steinway Agrees to Be Bought by Paulson for $512 Million| first1=Lauren S.| last1=Murphy| first2=Jodi| last2=Xu| date=August 14, 2013| url=https://www.bloomberg.com/news/articles/2013-08-14/paulson-co-to-buy-piano-maker-steinway-for-512-million| publisher=]}}</ref> | |||
| * | |||
| == Other businesses == | |||
| ⚫ | |||
| In 1975, Samick Pianos, as the company was known at that time, created an ] department and began building ]. In 1990, this division was spun off as Samick Sports Co., Ltd. In 2016, the company was restructured and its name changed to Samick Archery Co., Ltd. Since 1996, its products have been used to attain several ] gold medals, mostly by Korean athletes.<ref>{{Cite web|title=About Samick|url=http://www.samicksports.com/em41.php|access-date=November 27, 2021|website=Samick Archery Co., Ltd}}</ref> Besides Olympic-level archery equipment, Samick also manufactures the very popular budget-oriented Sage and Polaris hunting bows. | |||
| ==References== | |||
| ⚫ | ] | ||
| {{reflist}} | |||
| ] | |||
| ] | |||
| ⚫ | ] | ||
| ⚫ | ] | ||
| ⚫ | ==External links== | ||
| ] | |||
| {{Commons category|Samick}} | |||
| * | |||
| ] | |||
| {{Guitar brands}} | |||
| ⚫ | ] | ||
| ] | |||
| ⚫ | ] | ||
| ] | |||
| ⚫ | ] | ||
Latest revision as of 10:03, 10 September 2024
South Korean musical instrument manufacturing company
 | |
| Industry | Musical instruments |
|---|---|
| Founded | 1958; 67 years ago (1958) |
| Founder | Lee Hyo-Ik |
| Headquarters | Eumseong County, South Korea |
| Area served | Worldwide |
| Products | Pianos, string instruments, and wind instruments |
| Brands |
|
| Website | smcmusic.com |
Samick Musical Instruments Co., Ltd. (Korean: 삼익악기KRX: 002450, also known as Samick) is a South Korean musical instrument manufacturer. Founded in 1958 as Samick Pianos, it is now one of the world's largest musical instrument manufacturers and an owner of shares in several musical instrument manufacturing companies.
Apart from its own brand, Samick manufactures musical instruments through its subsidiary brands, including pianos under the brands Wm. Knabe & Co., Pramberger, Kohler & Campbell, and Seiler; and guitars under the brands Greg Bennett, Silvertone, Stony River, and San Mateo.
Operations
 | This section does not cite any sources. Please help improve this section by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "Samick" – news · newspapers · books · scholar · JSTOR (February 2012) (Learn how and when to remove this message) |
In 1992, Samick built its P.T. Samick factory in Cileungsi, near Bogor, Indonesia. This factory produces the majority of instruments that Samick makes.
North American operations are performed from its North American Corporate Headquarters in Gallatin, Tennessee (completed July 2007). This 214,000 sq ft (19,900 m) facility is responsible for all administrative activities for the North American market, as well as acting as a distribution center for its guitars and acoustic/digital pianos. The facility manufactures of a small number of acoustic pianos, sold under the Knabe brand.
Guitar manufacturing and OEM supply
Samick guitars are manufactured under different brand names and made by a number of different makers, including Greg Bennett and J.T. Riboloff (a former luthier at Gibson). Some other Samick-built guitars are sold under Squier, Epiphone, Washburn, Hohner, Silvertone, and other brands.
Greg Bennett Guitars
American luthier Greg Bennett designed a line of guitars for Samick. The guitars have pickups designed by Seymour Duncan, machine heads from Grover, and bridges by Wilkinson. Woods used include ovangkol and ebony from Africa, rosewood from India, and rock maple from North America. Instruments under the Greg Bennett label are electric, acoustic and archtop guitars, electric and acoustic basses, mandolins, banjos, ukuleles and autoharps.
Bennett died on June 29, 2020, at the age of 69.
Piano manufacturing and brand management
Samick also has a wide range of pianos. Its acoustic piano brands include Samick, Pramberger, Wm. Knabe & Co., Kohler & Campbell, and Gebrüder Schulze; and it has digital piano brands of Kohler, Samick Digital, and Symphonia. Samick recently announced the discontinuation of the Sohmer & Co. brand.
In 2004, Samick gained controlling interest in competitor Young Chang, but antitrust rulings in the U.S. and Korea ended the merger a year later. From 2003 to 2009 Samick was associated with German C. Bechstein Pianofortefabrik.
In addition, Bechstein and Samick have a joint venture factory in Shanghai, China. In October 2008, Samick announced its purchase of Seiler, another German piano company, that is generally agreed to compete with Bechstein at both price point and overall quality. The announcement raises questions about the continued viability of relationship between Samick and Bechstein .
In late 2009, Samick acquired a 16.5% share of Steinway Musical Instruments. By November 2010, Samick's share in Steinway Musical Instruments increased to 32%. In 2013, John Paulson outbid Samick when Steinway and Sons was taken private.
Other businesses
In 1975, Samick Pianos, as the company was known at that time, created an archery department and began building bows. In 1990, this division was spun off as Samick Sports Co., Ltd. In 2016, the company was restructured and its name changed to Samick Archery Co., Ltd. Since 1996, its products have been used to attain several Olympic gold medals, mostly by Korean athletes. Besides Olympic-level archery equipment, Samick also manufactures the very popular budget-oriented Sage and Polaris hunting bows.
References
- "JT Riboloff". Vintage Guitar. Retrieved 2 February 2012.
- "About Greg Bennett". Greg Bennett Guitars. Samick. Retrieved 12 November 2011.
- "Gregory Burr Bennett". Williamson Home Page. 23 June 2020. Retrieved 19 November 2020.
- Fine, Larry. (editor.) Acoustic and Digital Piano Buyer. Fall 2010. p. 193.
- Snowdown, Ross. "Snooker baize firm pockets £1m orders in China." Yorkshire Post, 15 November 2010.
- Murphy, Lauren S.; Xu, Jodi (14 August 2013). "Steinway Agrees to Be Bought by Paulson for $512 Million". Bloomberg News.
- "About Samick". Samick Archery Co., Ltd. Retrieved 27 November 2021.