In 1986, the company was acquired by its present owners. In 1936 Gibson introduced their first "Electric Spanish" model, the ES-150 followed by other electric instruments like steel guitars, banjos and mandolins.Gibson is a privately held corporation owned by its chief executive officer Henry Juszkiewicz and its president David H. In addition to guitars, Gibson offers consumer electronics through its subsidiaries Gibson Innovations (Philips brand), TEAC Corporation (Teac and Esoteric brands), Onkyo Corporation (Onkyo and Pioneer brands), Cerwin Vega and Stanton, Orville Gibson began to sell his instruments in 1894 out of a one-room workshop in Kalamazoo Michigan. During World War II, instrument manufacturing at Gibson slowed due to shortages of wood and metal, and Gibson began manufacturing wood and metal parts for the military.On December 22, 1969, the Gibson parent company Chicago Musical Instruments was taken over by the South American brewing conglomerate ECL.Gibson remained under the control of CMI until 1974 when it became a subsidiary of Norlin Musical Instruments.
Gibson was owned by the Norlin corporation from 1969 to 1986. Initially, the company produced only Orville Gibson's original designs.
According to the Memphis Daily News, Gibson plans to search for a new facility for its Memphis operations and will stay in the current spot for the next 18 to 24 months.
The facility, which sits across from Fedex Forum along South B. King Boulevard, is expected to list for million.
The Les Paul was offered in Custom, Standard, Special, and Junior models.
In the mid-50s, the Thinline series was produced, which included a line of thinner guitars like the Byrdland.