January 7, 2015
DW Acquires KMC Music Percussion Brands From Fender
Fender Musical Instruments Corporation (FMIC) has announced that its subsidiary KMCMusic, Inc. has sold its owned and licensed percussion brands including Gretsch Drums,
Latin Percussion, Toca Percussion, KAT Percussion, and Gibraltar Hardware--as well as the Ovation guitar brand and the exclusive U.S. distribution rights for Sabian Cymbals--to Drum Workshop, Inc., the manufacturer of DW drums, hardware, and accessories. Financial and other terms of the deal were not disclosed.
"This is an amazing opportunity to extend our passion and commitment for the art of drumming," said Chris Lombardi, CEO of Drum Workshop, Inc. "We're excited to welcome these legendary American brands to the DW family."
"We are extremely proud of our team's effort to nurture and grow each of the individual brands and are enthusiastic for their future," said FMIC's interim CEO and board member Scott Gilbertson. "We recognize the strategic opportunity for DW and are confident that they will be champions of the brands moving forward."
Don Lombardi launched the company in 1972 when he opened the Drum Workshop teaching studio in Santa Monica, California. A tinkerer with a passion for all things percussion, Lombardi was constantly experimenting with products. In 1974, he developed a height-adjustable trap seat that was well received by his students and drummer friends. Using profits from the trap seat, in 1977 he acquired the tooling and patents of the Camco drum company and reintroduced the acclaimed Camco 5000 nylon strap bass drum pedal. 1982 saw the introduction of the first Drum Workshop drums.
DW produces high-end drums at a plant in Oxnard, California and imports the competitively priced Pacific percussion line. DW drums are the choice of legions of top professionals.