Woodwind and Brasswind Has a Buyer

Woodwind and Brasswind has a buyer.

The South Bend based music company filed for Chapter 11 bankruptcy protection in November.

Since then, several companies have expressed interest, including Steinway Music, the parent company of Conn-Selmer.

This week, a judge approved a $29 million sale agreement between Woodwind and Brasswind and Musician's Friend, which is a parent company of Guitar Center.

The California company will assume about $2 million dollars in payroll, customer credit expenses and other liabilities.

The CEO of Woodwind and Brasswind says having a buyer means the company can stay in business.


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