SOURCE: Sherman Clay & Co.

Sherman Clay & Co.

May 17, 2013 09:00 ET

Sherman Clay Announces Closure of Its Houston Retail Location

HOUSTON, TX--(Marketwired - May 17, 2013) - Sherman Clay & Company, the iconic San Francisco-based music company that for over 140 years has been one of America's most successful piano retailers, announced that its Houston retail location will close permanently after 32 years in the city.

The announcement was made by CEO Eric Schwartz, whose family has owned Sherman Clay since 1960, and who, along with his brother Michael, has helped lead the successful expansion and diversification into several other profitable businesses under the name of The Sherman Clay Group.

"It is with great sadness that we announce the final days of Sherman Clay in Houston, a city that has meant so much to our business since we first opened the store in 1981," said Schwartz. "As our company focuses more attention on our other business interests, including commercial real estate, retail sales financing, and paper manufacturing, we've had to make the tough decision to end our nearly 143 year run in the piano retail business."

Beginning mid-May and continuing through its final days in June, Sherman Clay Houston is offering extraordinary values on its complete inventory of new and used Yamaha pianos.

About Sherman Clay & Company
Founded in San Francisco by Leander Sherman in 1870 and owned by the Schwartz family since 1960, Sherman Clay & Co. has long been recognized as one of America's leading piano retailers and supporters of music.

Based today in San Bruno, Calif., Sherman Clay & Co. is part of the Sherman Clay Group, which includes SClay Management, Inc., a commercial real estate management firm and Allegro Acceptance, which provides financing to purchasers of pianos and hearing aids. An affiliated company, APC Paper Holdings, Inc., manufactures 100% recycled kraft paper at its mills in New York and New Hampshire.

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