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Hartley Peavey, Founder and CEO started the company (1965) was the year that Leo sold out to CBS. Beginning about that time, the huge conglomerates were buying up most of the music companies who were (then) family owned. LTV bought Altec Lansing. Norlin bought Gibson from Chicago Musical Instruments. Gulf & Western bought Unichord (the Marshall Distribution), and countless other traditionally family-owned music companies were gobbled up by the money men. Almost universally, prices went up drastically while quality did the opposite. It was a wonderful opportunity for Peavey. We were building great equipment at fair prices. It seemed that the conglomerates were only too willing to sacrifice quality and performance on the "altar of profit." Although I didn't have the experience—and certainly not the financial resources—of the conglomerates, I had a passion for the product and for the people and for the industry. . . . I still do!” “Since the invasion of the conglomerates in the 60's and 70's, many companies with famous names have changed hands, often several times. Unbelievably, many musicians think that because the name is the same, the company is the same. This is not true! After all, companies are nothing but groups of people. The truth of the matter is that when people change, so do the companies. My company has been under the same ownership for nearly 37 years. I can think of only one other company, Marshall, that has been under the same ownership longer than Peavey. Through the years, we continued to ‘dare to be different' and build the best products possible. Currently, my company has over 130 patents worldwide with new ones being applied for at all times. A major difference between Peavey and our competitors is that some of the famous names seem more interested in trying to recreate the glories of the past than in build a better product for today's (and tomorrow's) musician.” “Interestingly, if you look at both the major American guitar companies, neither has introduced any significantly new guitar designs in the last 35 years. A very interesting contrast when compared to Peavey's introduction of 80 to 100 all new products every year.
For More Details Please visit the website :
www.peavey.com
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