General Discussion

publicly traded, meaning there is no direct, fluctuating stock price to go up or down...The company is moving production from Eastlake, Ohio, to China to improve competitiveness, aiming to reduce costs despite concerns over brand perception...Conn-Selmer is owned by billionaire John Paulson’s firm, which took the company private in 2013...The move involves closing the Eastlake, Ohio facility to shift production of brass instruments to China, a decision driven by a need to cut costs...While the move aims to increase profits by reducing production costs, it has faced criticism for potentially eroding the brand's reputation as a U.S.-made manufacturer, which could affect long-term brand value."

It's all about increasing profits by reducing labor costs.