Fender sells its drum brands
DW has reached an acquisition agreement with Fender Musical Instruments for the group’s drum and percussion brands.
Thanks to this agreement, Latin Percussion, Toca Percussion, Gretsch Drums, Gibraltar Hardware and KAT Percussion, brands owned by FMI subsidiary KMC Music, join Drum Workshop Inc. Ovation Guitars and the exclusive distribution rights of Sabian Cymbals in the USA are also included in this transaction.
Details of the acquisition have not been communicated, but the brands say that the DW production will remain in California, the Gretsch Drums ones in South Carolina and LP offices in New Jersey.
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