Following word Gibson would sell its Memphis factory and move to a smaller location, Gibson issued the following statement.

“A new facility will allow the company to improve the product quality, increase production capacity and potentially increase employment in the area,” the statement reads. “Gibson is seeking a buyer for the current location that will allow it to continue to operate in this location while building and leasing an appropriate facility in proximity to the current factory location.”

“We are extremely excited about this next phase of growth that we believe will benefit both our employees, and the Memphis community,” said Gibson Brands CEO Henry Juszkiewicz. “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,” he continued. “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.”

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