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The assets of Kay/Valco were auctioned off in 1969.The upright bass and cello lines were sold to Engelhardt-Link, a new company formed by a previous Valco member, which has continued production (see #Kay basses for details).Also new are chief customer officer Mark Schreiber, a former top executive at Connecticut-based Pepperidge Farm, and chief financial officer Jay Thompson, formerly at Armstrong Flooring in Lancaster.Separately, Utz agreed to buy Arizona-based Inventure, which trades on Nasdaq as SNAK, for a share, or 5 million in cash and debt assumption.
That means S&P considers Utz less likely to pay back its lenders than A-rated companies, and will have to pay higher interest to borrow money.
They also sell the Chicago Blues line of inexpensive harmonicas.
One of the best known Kay electric guitars during the 1950s was the K-161 "Thin Twin", most visibly used by blues artist Jimmy Reed.
In addition to manufacturing instruments for sale under its own brands, Kay was also a prolific manufacturer of "house branded" guitars and folk instruments for other Chicago-based instrument makers and, at times, for major department stores including Sears and Montgomery Ward.
Kay also made guitar amplifiers, beginning with designs carried over from the old Stromberg company.