Drum Workshop, Inc. and Fender Musical Instruments have finalized an asset sale agreement to purchase owned and licensed percussion brands from Fender’s KMC subsidiary, including Latin Percussion, Toca Percussion, Gretsch Drums, Gibraltar Hardware, and KAT Percussion. Ovation Guitars and exclusive U.S. distribution rights for Sabian Cymbals are also included in the transaction. DW Drums manufacturing operations will remain in California, Gretsch drum production will continue in South Carolina, and LP’s offices will stay in New Jersey. Modern Drummer will report further details as they emerge.