×
You will be redirected back to your article in seconds

Gibson Guitars Vacating Memphis Factory for Smaller Plant

The complex is expected to fetch $17 million.

After 18 years in its Memphis location, Gibson Brands, the 115-year-old guitar maker, is relocating its 127,000-square-foot factory and showroom to a smaller facility in the city. The complex, set on six acres  across from the 18,000-seat Fedex Forum venue., is expected to fetch $17 million. The sale is still 18 to 24 months away.

According to local reports, only half the building was in use. An entertainment venue housed  within the complex had been dormant for a couple of years. The Memphis Daily News reports that Gibson plans to remain in Memphis.

The Memphis location is one of three facilities operated by Gibson and mostly produces semi-hollow electric guitars and custom instruments. Gibson’s Nashville plant manufactures solid-body electric guitars while acoustic guitars are produced in Bozeman, Montana.

In a statement, Gibson Brands CEO Henry Juszkiewicz said: “We are extremely excited about this next phase of growth that we believe will benefit both our employees, and the Memphis community. I remember when our property had abandoned buildings, and Beale Street was in decline. It is with great pride that I can see the development of this area with a basketball arena, hotels, and a resurgent pride in the musical heritage of the great city of Memphis. We continue to love the Memphis community and hope to be a key contributor to its future when we move nearby to a more appropriate location for our manufacturing based business, allowing the world the benefit of our great American craftsmen.”

Popular on Variety

More Music

  • Monkees/Badfinger/Nazz Supergroup Takes Beatles' 'White Album'

    Monkees/Badfinger/Nazz Supergroup Gets Back to '68 by Touring Beatles' 'White Album'

    The 50th anniversary re-release of 1969’s “Abbey Road” may be just days away, but that doesn’t mean Beatles fans have been there and done that when it comes to celebrating ’68. Todd Rundgren, the Monkees’ Mickey Dolenz, Badfinger’s Joey Molland and several other name musicians of a certain vintage are teaming up to go out [...]

  • Rob Cowan, Greg Silverman'The Conjuring 2'

    Greg Silverman’s Stampede, School of Rock Team for Unscripted Series (EXCLUSIVE)

    Former president of Warner Bros. Pictures Greg Silverman is partnering with School of Rock through his content creation company Stampede. The collaboration with the music school will create exclusive content, starting with the development of an unscripted series.  School of Rock operates a network of performance-based education franchises that offer students of all ages guidance [...]

  • 'Downton Abbey' Music Gets 'Bigger, Better,

    As 'Downton Abbey' Hits the Silver Screen, the Music, Too, Gets 'Bigger, Better, Grander'

    When “Downton Abbey” fans hear that familiar strings-and-piano theme, a Pavlovian response ensues: Get to the television immediately, because you don’t want to miss a minute of the addictive Crawley family melodrama to follow. This week, with the “Downton Abbey” movie reaching theaters on Friday, fans can’t wait for their fix of Lady Mary and [...]

  • Saweetie

    Saweetie's 'My Type' Is a Smash, but Is it Too Provocative for Top 40?

    Saweetie’s “My Type” is a smash. The high-energy, up-tempto, bad bitch anthem has proven to be an undeniable force. Having won the hearts of TikTok users, radio (rhythmic, urban and now Top 40, logging more than 81,000 combined spins, according to Mediabase) and streaming, where BuzzAngle Music records 160 million U.S. streams to date and [...]

  • Editorial use only. No book cover

    Peter Coyote Riffs on 'Country Music' and How He Admires and Challenges Ken Burns

    Though an instantly recognizable face from films such as “E.T. the Extra-Terrestrial,” “A Walk to Remember” and “Erin Brockovich,” it is Peter Coyote’s voice — a coolly authoritative baritone with a Zen master’s holy roll — that has endeared him to documentary lovers and makers. Alrhough director-writer Alex Gibney used Coyote’s wisened narration for “Enron: [...]

  • SAG-AFTRA HQ

    SAG-AFTRA Reaches Deal With Record Labels on Music Videos

    SAG-AFTRA has reached an agreement with the major record labels on a three-year successor contract to their music video agreement. The union announced Friday that the deal achieves important economic and safety gains for performers working in music videos. Details of the new agreement will not be released until after it is reviewed by the [...]

  • Album Review: Samantha Fish’s ‘Kill or

    Album Review: Samantha Fish’s ‘Kill or Be Kind’

    At a time when rock music remains in a deep recession — to put it politely — there are few more encouraging sights to see than a badass, slide-guitar-wielding female from Kansas City lobbing some blueswailing rock and roll. That’s exactly what Samantha Fish has been serving up for the better part of a decade, [...]

More From Our Brands

Access exclusive content