Michael Kelly Guitars Acquired By Founder
admin | Apr 01, 2015 | Comments 0
The original founder of Michael Kelly Guitars has acquired the brand from Hanser Music Group. The Florida-based group that is taking over Michael Kelly Guitars is led by the companys original founder, Tracy Hoeft. Hanser Music Group purchased Michael Kelly in 2004 and has grown the brand as one of its many exclusive brands.
Michael Kelly Guitars was founded in 1999 with a focus on creating instruments that were unique in appearance and sonic performance. The brand quickly became known for its visually stunning instruments and gained a strong market share in specialty areas including f-style mandolins and acoustic basses. Under the Hanser Music Group management, the selection increased as did the global footprint.
I am incredibly excited to get my baby back, proclaimed Mr. Hoeft. He continued, We are acquiring back a stronger brand from Hanser Music Group than we sold them 11 years ago. That is not the norm in any industry and its really exciting. We are thankful to Hanser for being great stewards of this brand and for allowing it to return to its founders.
This transaction is part of Hanser Music Groups continued evolution. As their business grows in new areas, they continue their migration toward a tighter business focus. That new focus drove the decision to sell the Michael Kelly brand.
Hanser president Gary Hanser explained, This is a great arrangement for all involved. We have had a long and positive relationship with the Hoeft family and sincerely care about the Michael Kelly brand. This outcome is the true win-win that we were hoping for.
Tracy Hoeft promises some big changes are coming to Michael Kelly Guitars. Times have changed and opportunities for a specialty brand like Michael Kelly have never been better. We value our long-term relationship with consumers and how they have driven us to be the guitar company that puts boutique within reach. We are very much committed to that position.
All Michael Kelly operations will move to the new Michael Kelly Guitars entity on April 6, 2015.
Tiny URL for this post:
About the Author: Hello. Welcome to TheToneKing.com! My name is Louis, but in name of good fun & entertainment - I call myself The Tone King. This website was born back in 2008, to compliment the videos I started uploading to YouTube on guitar & related gear (guitar, amps, pedals, etc.). It has since grown, thanks to the thousands that tune in, making it what it is. If you subscribe to TheToneKing.com, you can expect lots of Guitar, Amp, Pedal Reviews & Shoot-Out videos. I also have monthly Live Webcasts, perform Artist Interviews, and try to get all the juicy coverage Backstage and at trade-shows like NAMM. The cherry on top is that there are no shortage of How-To Videos & TTK Killer Deal Alerts getting you the most knowledge & gear into your hands & mind! Thanks for stopping by to check out my website! Rock ON!