Correction 2024-12-27 , 10:23 : P.M. ET : An former version of this level and newspaper headline incorrectly implied that Moog Music has been an main company for 70 year . However , the fellowship was antecedently sell to parent muSonics in 1971 , and later Norlin Industries . After bankruptcy , the company was return to its original founder , Robert Moog , in 2002 . The article has been corrected below . We rue the misplay .
go along tab on U.S. line of work news often feel like watching an eternal flow of ever - great Pac - Man ( Pac - Men ? ) gobble each other up . Through mergers and buyout , the companies get bigger and the routine of company fetch pocket-sized . Yet a handful manages to avoid the proverbial dissonance . For a long time , Moog Music , the pioneering synthesizer society , was one of them . Moog has produced beloved ( if pricey ) electronic instruments ( mostly ) to the melody of its own analogue oscillator since 1953 . Now its long , if interrupted , consort of independence is no more .
InMusic has acquire Moog , as announced this calendar week . The private empire also owns 17 other euphony product , pro sound , and consumer electronic properties including M - Audio , Akai Professional , and Alesis .
It’s the end of an era for knob-twiddling synth enthusiasts everywhere.Photo:Brandon J Hale(Shutterstock)
Prior to the learning , Moog had been a 49 % worker - possess company , after the 2015 implementation of an employee stock possession plan . Yet with inMusic ’s purchase , Moog ’s proletarian no longer maintain their minority share . “ As part of the passage , Moog Music is no longer employee own , ” Moog spokesperson Jeff Touzeau told Gizmodo via email . “ All retiring and present employees who have participate in the Moog Music Employee Stock Ownership Program ( ESOP ) since it was carry out in 2015 will receive a payout , ” he added .
Ina press discharge , Moog framed its sales agreement as the beginning of a “ collaboration . ” fellowship president , Joe Richardson , penned an enthusiastic missive adumbrate all the ways he believes join “ the inMusic family , ” will bolster up the synth Lord ’s ware and brand . “ This new partnership will enable us memory access to inMusic ’s efficient spherical statistical distribution and supply chain internet while providing inMusic and its assort brands with deep expertise in analogue synthesis , ” Richardson wrote . “ retrieve a partner that honor our time value , mission , and bequest is a great boon for our fellowship and community . ”
Moog enounce it will continue to be headquarter in Asheville , North Carolina , where it will keep “ applied science , designing , and edifice cat’s-paw . ” The overwhelming majority of Moog factor and productshave historicallybeen sourced and piece domestically . Touzeau and the company ’s pressure statement seem to assert that will still be true . “ Moog will continue to design and progress its instruments at the Moog manufactory , ” the representative suppose . Though if that fabrication operation were to shift under new ownership , it would make some gumption .
Moog had reportedly been struggling with supply chemical chain disruption and other material shortage in the hint - up to the sale . The company raised the cost of many of its already expensive , iconic synths in the preceding year , attribute the changesto the aforementioned business trouble . The Moog Grandmother sticker price shot upmore than 60%in August 2022 , per Synth Anatomy .
Simultaneously , the company ’s employee had beenworking to unionizewith the International Brotherhood of Electrical Workers — organizing for higher salary and amend employment tribute . Gizmodo strain out to the fledgling union for comment on InMusic ’s acquisition via email but did not straightaway hear back .
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