September 12, 2022 I Acquisition
Roland Acquires Drum Workshop
Roland Corporation and Drum Workshop announced a definitive agreement for Roland to acquire all outstanding shares of Drum Workshop.
Roland is the leading global manufacturer of electronic musical instruments known for its products in the electronic drum world under its V-Drums brand and, more recently, with its innovative V-Drums Acoustic Design series of products. Drum Workshop is known as a leader in acoustic drums and percussion, and designs, manufactures and sellsa portfolio of brands, including DW Drums and Hardware, Pacific Drums and Percussion (PDP), Latin Percussion (LP), Gretsch Drums and Slingerland.
According to a statement by Roland, this new agreement combines the expertise and reach of Roland and Drum Workshop and will “unleash the next generation of acoustic and electronic drums and percussion products, accelerate product development and push the boundaries of innovation for drummers.”
Drum Workshop CEO Chris Lombardi and co-founders Don Lombardi and John Good will continue to serve in their existing capacities at the company, focusing on creating products that inspire drummers everywhere.
“In the world of acoustic drums, Drum Workshop stands distinctly apart,” said Gordon Raison, Roland CEO. “We have always been impressed and in awe of their products, their people and their craftsmanship in every dimension. Drum Workshop shares the same legacy and dedication to musical innovation that we have at Roland, and we are committed to supporting Drum Workshop in doing what they do best.”
“Roland’s philosophy in driving innovation across all forms of expression is complimentary with ours, and we are excited to join forces in this relationship that will benefit artists and musicians everywhere,” said Chris Lombardi, Drum Workshop CEO.
“For the past 50 years our goal has always been to inspire, motivate and solve problems for drummers,” said Don Lombardi, founder and chief product officer of Drum Workshop. “I have always been a fan of the innovation coming from Roland, and we are thrilled to partner with them on inventing solutions for future generations.”
John Good, co-founder of Drum Workshop, said, “I look forward to continuing to bring handcrafted, custom solutions to drummers with the partnership of Roland. Their reputation for driving product innovation is admirable, and we are looking forward to the additional support they will bring to our people, our artists and our industry partners.”
“We have been deeply impressed by the people inside Drum Workshop and are excited to welcome Chris, Don, John and the entire Drum Workshop team to the Roland family,” added Masahiro Minowa, chief innovation officer of Roland. “A trailblazer in acoustic drums for the past 50 years, we’ve been equally blown away by the breakthrough innovation and new technology that Drum Workshop has been developing. We can’t wait for the world to see what’s in store that will benefit drummers everywhere.”