was finding it increasingly difficult to meet its loan obligations. In 1983, the holding company and several of its subsidiaries were forced into bankruptcy with a total debt of over $9 billion—at that time, the largest bankruptcy ever. However, the piano business was not part of the bankruptcy. During bankruptcy proceedings in 1984, the Baldwin piano business was sold to its management. The new company went public in 1986 as the Baldwin Piano and Organ Company and moved its headquarters to Loveland, Ohio. However, difficulties continued as demographic changes and foreign competition slowed sales of keyboard instruments. The company responded by acquiring Wurlitzer to increase market share and by moving manufacturing overseas to reduce production costs. In 1998, the company moved its headquarters from Loveland to nearby Deerfield Township. Throughout the 1990s, the company's fortunes improved, and by 1998, the company's 270 employees at its Conway, Arkansas facility were building 2,200 grand pianos a year. However, in 2001, Baldwin was again facing difficulties, and filed for bankruptcy once again, when the company was bought by Gibson Guitar Corporation. In 2005, the company laid off some workers from its Trumann, Arkansas manufacturing plant while undergoing restructuring. As a subsidiary of Gibson Guitar Corporation, the company has manufactured instruments under the Baldwin, Chickering, Wurlitzer, Hamilton, and Howard names. Baldwin bought two piano factories in China in which they manufacture grand and vertical pianos. Models built in the factory in Zhongshan, China include the Baldwin Hamilton studio models B243 and B247, which are the most popular school pianos ever built. The much larger factory in Dongbei is not building pianos at this time. Baldwin grand pianos are being built to Baldwin specification by Parsons Music, China. All new pianos are being sold under the Baldwin name and not Wurlitzer, Hamilton or Chickering. Baldwin stopped manufacturing new pianos at its Trumann, Arkansas, factory in December 2008. They retained a small staff to build custom grands and to finish numerous artist grands, however the factory in Trumann, AR was later closed and remaining inventory disposed of. Since 2008, Baldwin has not produced pianos in the United States. Models Grand pianos Current Grand Piano Models: BP 148: 4'10" (148 cm) BP 152: 5'0" (152 cm) BP 165: 5'5" (165 cm) BP 178: 5'10" (178 cm) BP 190: 6'3" (190 cm) BP 211: 6'11" (211 cm) Upright pianos Current Upright Piano Models: B342/B42 Acrosonic: 43 ½" (110