From left: Buffet Crampon's Jean-Baptiste Bouvier, Francois Kloc and Jérôme Perrod with Powell's Steven Wasser.

APRIL 5 I BUFFET CRAMPON, POWELL FLUTES I ACQUISITION
Verne Q. Powell Flutes Joins Buffet Crampon

On April 4, Buffet Crampon announced its acquisition of Verne Q. Powell Flutes. With the Powell brand in tow, Buffet Crampon now offers a complete range of wind instruments.

President of Verne Q. Powell Flutes, Steven A. Wasser, said the following about the acquisition:

"It's hard to believe that it was 30 years ago when I first set foot in Powell's cinder block building in Arlington Heights. Powell and I have come a long way since then. Following the legacy of Verne Powell, we have continued to be a leader in quality and innovation.

"My discussions with Buffet Crampon began nearly three years ago. Each party, Buffet Crampon and Verne Q. Powell Flutes, spent time getting to know one another, making sure the merger would be mutually complementary. Rob Viola and Mark Spuria were included in the discussions from the beginning.

"I was impressed by the professionalism of the Buffet Crampon management team, the strength of their distribution network, and, most importantly, their commitment to run Verne Q. Powell Flutes as a stand-alone operation. This means they have committed to continue producing the world's finest flutes in Maynard, Massachusetts, and to retain all Powell people. Rob Viola will continue as vice president of manufacturing, and Mark Spuria will continue as CFO. I will remain involved as a consultant for the next couple of years, focusing primarily on product development, manufacturing technology and precious metals management."

powellflutes.com
buffet-crampon.com