Steinway & Sons, an American piano company, acquired Louis Renner Company, which manufactures complete grand and upright piano actions in addition to special piano parts, piano hammers, accessories, and piano tools. Financial terms were not disclosed. “When we heard that Renner was for sale, we took an immediate interest,” said Ron Losby, President & CEO, Steinway & Sons. “We wanted to ensure that Renner remains in Germany, where they have been for almost 140 years, and we wanted to ensure that they retain the world-class quality that they have achieved and maintained during that time. They produce crucial components of our Steinways, which is why this continuity is vital to our company. The mission and culture of both companies is so similar that I expect this to be a very smooth transition and a very natural fit.”