Gibson Guitar Factory Looking for a New Home

Discussion in 'The Backstage' started by paruwi, Oct 20, 2017.

  1. Lampens

    Lampens Senior Member

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    Yeah, had a tour there in 2015. That place is big, a lot of unused space in like the lobby. The factory itself wasn't that big.

    I remember the nicest smelling j45 in the shop over there. It had n adirondack top. Maybe that's why it smelled so nice.
     
  2. paruwi

    paruwi Kraut-Rocker Super Mod Premium Member

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    selling buildings and renting back never was a wise decision ( IMO of course )
    can't remeber any company that survived such actions
     
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  3. Mr Insane

    Mr Insane Senior Member

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    After all, it is the hollowbody factory, which I highly doubt sell in the numbers of the solid body guitars.
     
  4. Bill Hicklin

    Bill Hicklin Senior Member

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    Fer Pete's sake, they aren't shutting down the Nashville operation, they're just moving it to a more appropriate facility. Gibson is cashing out a large, half-empty piece of valuable Beale Street real estate; an eminently sensible move for any company healthy or not. The foolish move was buying there and opening an entertainment venue in the first place, although I reckon Gibson will still realize a tidy profit on the flip.
     
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  5. fleahead

    fleahead Senior Member

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    HJ did it for the Elgin IL strings plant. Built new in '96, had to sell and then lease property when he was trying to raise cash....building has been empty since '06
     
  6. thatF-INGflyingVguy

    thatF-INGflyingVguy Senior Member

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    I know a spot in kalamazoo!!!
    Dear Henry P.M. me for my address to send the finders fee!
    [​IMG]
     
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  7. afjungemann

    afjungemann Senior Member

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    Sounds like they are moving to another site. Money issues are pretty well documented but I wonder if that is the main reason. I think the last number was $520 million of debt and they are selling this facility for $17 million. Granted that is a lot but if they move somewhere else, I would only assume that the amount of money they would net off of the sale would be a bit less than $17 million which does very little for a $520 million debt.

    Who knows really. I am just an arm chair economist that literally knows very little.

    Maybe it is oversized for the amount of products they produce? I would love to tour the place before they move though.
     
  8. mrweird

    mrweird Junior Member

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    I did the tour last month! Just in time ....

    [​IMG]
     
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  9. rogue3

    rogue3 Senior Member

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    The downsizing is now real, and verifiable.No wonder CS. closes and people let go.I hope he pulls it off.push come to shove, i'd rather Gibson Guitars is with us for a long time.
     
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  10. Tim Plains

    Tim Plains Senior Member

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    Is there any real reason why we need Gibson Nashville and Memphis? Can't the two be combined under one roof?
     
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  11. Malikon

    Malikon ジャンプアップ V.I.P. Member

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    Vic has a shed! I bet he'd let them use it!
     
  12. DotStudio

    DotStudio Silver Supporter

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    Just seems like a wise business decision to me.
     
  13. DotStudio

    DotStudio Silver Supporter

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    Too late, it's already been snatched up by an investment group. 20171020_132944.png
     
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  14. coupe89

    coupe89 Senior Member

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    I wanted new. Hope Gibson turns around we are losing too many old companies.
     
  15. thatF-INGflyingVguy

    thatF-INGflyingVguy Senior Member

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    Damn
     
  16. VictorB

    VictorB Formerly LZF Super Mod

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    For a price, for a price....
     
  17. Malikon

    Malikon ジャンプアップ V.I.P. Member

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    we could run an extension cord out to 'em and e'rything!
     
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  18. JUNAE9

    JUNAE9 Member

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  19. JUNAE9

    JUNAE9 Member

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    Sorry ... I just saw that this news has already been published in another post.
     
  20. SteveGangi

    SteveGangi V.I.P. Member

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    That sounds about right. Sell shit off to inflate the numbers in a financial or quarterly report, sell for a profit, let the next joker take the hit.
     

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