|Gibson Factory in Memphis|
In a press release, the company implies that the Memphis factory is not closing, or leaving Memphis, but looking for a smaller space the the almost 128,000 building they currently occupy. Asking price is $17 million dollars, including a 330 space parking lot.
Gibson has been a Memphis fixture for the past 18 years. When it was built it had a large entertainment facility that has not been used in the past few years.
Unconfirmed source state the Gibson Brands Incorporated has accrued considerable debt.
|Inside the Memphis Plant|
They go on to say that the Memphis plant will not be closing anytime soon. It is estimated that it will take 18 to 24 months to find a new home.
|Gibson Memphis Plant|
|Gibson Brands CEO Henry Juskiewicz|
I remember when our property had abandoned buildings, and Beale Street was in decline. It is with great prid that I can see the development of this area with a basketball arena, hotel, and a resurgent pride in the musical heritage of the great city of Memphis. We continue to love the Memphis community and hope to be a key contributor to its future when we move nearby to a more appropriate location for our manufacturing based business allowing the world the benefit or our great American craftsmen.”
|Epiphone Les Paul Standards.|
In addition to the Gibson brand name, Gibson also owns the Epiphone, Kramer, Maestro, Kalamazoo, Dobro, and Valley Arts brand names for guitars.
The company owns the Slingerland Drum Company, as well as the Baldwin, Wurlitzer, Chickering, and Hamilton piano brand names.
Slingerland drums are no longer being manufacutred. Some of the other guitar brands are no longer being made, while others, that were once American brands, are now being outsourced to Asian manufacturers.
|Gibson Innovations products|
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