Burgett, a piano technician, and his music teacher brother owned a piano shop until they founded Music Systems Research, the company that makes Piano Disc, the digital player system. They could provide no evidence to support the claim. Burgett doesn't really plan to build pianos, but intends to put the Mason & Hamlin name on Asian-made pianos fitted with its compact disc player. Flippen and his allies also charge that Mr. If the company moves to California, 15 jobs will leave as well, along with 15-20 more he says would be created within a year. Flippen accuses the creditors of being shortsighted. "The original proposal is one that the committee found completely unacceptable," said Daniel Cohn, whose firm represents the unsecured creditors. Burgett's deal would pay nearly double that. Murphy presented a reorganization plan that would have paid 14 cents on every $1 of debt. It was a committee of Mason & Hamlin's unsecured creditors that found Mr. Whoever ends up with the company will have the rights to several brand names, along with piano pieces, some machinery - and more than $1 million in debt. We know it can work, but we've got to get the financing," Mr. "We've put everything on the line for this.
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He needs another $500,000 from investors. Flippen said he has won approval for a $550,000 bank loan to back a competing bid.
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has offered $905,000 to Mason & Hamlin's creditors. Rourk said he won't start any more until April 5, the day a federal bankruptcy court judge is to decide whether Mason & Hamlin goes to the California company. The company has produced 30 pianos retailing for between $27,000 and $38,000 each in the year since they bought it.Ī few new pianos were in various stages of construction, but Mr. There were about 10 people at the converted shoe factory on a recent weekday, some rebuilding vintage pianos for Premier Piano, Mr. "You can't take Mason & Hamlin and tear it from its roots," he said, as he showed visitors a factory filled with half-idled machinery and half-built pianos. Rourk has been head technician at Mason & Hamlin for only a year, but he talks as though he has been there forever. "I wouldn't give 2 cents for it now."ĭon't tell that to Tom Rourk. It was a fine piano when it was made in Boston," Mr. "Mason & Hamlin has been so kicked around I don't know if it means anything to the young people.
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That's when the current owners, piano restorers John Flippen and Peter Murphy, bought it.