LP was founded in New York City in 1964 by Martin Cohen.

[1] As the company expanded, they added imported lines to their catalog, and also became an exporter.

[2] In 2002, LP was purchased by Kaman Music Corporation and operated as its independent subsidiary within Kaman's music distribution segment.

In 2008, LP was purchased by Fender Musical Instruments Corporation.

[4] In 2001, Martin Cohen received a Special Recognition Award from the International Latin Music Hall of Fame for his contributions during nearly 40 years in the music industry.