1 Ric12string 1 week ago The sixteen-year relationship between Fred Gretsch Enterprises and FMIC has taken another step today.It was announced that FMIC has acquired the Bigsby brand from Fred Gretsch Enterprises. It would hardly be surprising to learn that FMIC had an interest in acquiring the Bigsby brand since Gretsch guitars are probably one of the largest consumers of Bigsby vibrato systems. I must say that I am quite happy for Fred Gretsch to see that he is starting to shed some of his business holdings in that this is one less chunk of company business that he has to concern himself with. Hopefully, he will have even more time to travel than he already does. I suppose that it would be a natural transition at some point in time if he were to sell the Gretsch brand of guitars to FMIC, although there has certainly been no public indication thus far of any such discussions between Fred and FMIC. As much as he would like to see the company remain in the family, it doesn't seem like there is anyone in the family line who is interested in taking over the company, or anyone who could do so successfully.For those who like the details, here is some information that I found about today's transaction:SCOTTSDALE, Ariz. (January 8, 2019) — Fender® Musical Instruments Corp (FMIC) today announced the acquisition of the Bigsby® brand and its assets from Fred Gretsch Enterprises.The Gretsch family and FMIC have a longstanding relationship and have partnered to ensure that the transition of the business is a smooth one.“We are excited to acquire Bigsby® and add to our esteemed portfolio of specialty brands.” said Jeff Cary, Senior Vice President of FMIC Specialty Brands. “There is such a rich history with the vibratos, and a mystique around the guitars, pedals and steel instruments that is fascinating. Fred and Dinah Gretsch have been wonderful owners and we look forward to working with them to ensure a smooth transition.”“Paul Bigsby, Ted McCarty, Dinah and Fred Gretsch and Fender Musical Instruments Corp. all have one thing in common, an unquestioning dedication to product excellence over the long haul,” said Fred Gretsch. “We congratulate team Fender on this strategic acquisition.”Bigsby® vibrato tailpieces have a long history that dates back to the earliest days of the modern electric guitar. Wildly popular with guitarists as an aftermarket product, the vibratos are featured on a wide range of instruments as original equipment offered by dozens of guitar manufacturers around the world.Bigsby® will continue to run as a standalone business under FMIC’s Specialty Brands. Orders, inquiries or questions should be directed to Jeff Krause (JKrause@fender.com), who will be leading the business out of the FMIC Scottsdale, Ariz., office.FMIC is currently working with a team in Pooler, Ga., to integrate the business into its systems before moving it physically to a new location.