The Chess Records catalog was acquired from the remnants of Sugar Hill Records in 1985. Motown Records was bought in 1988 (and sold to PolyGram in 1993). GRP Records and Geffen Records were acquired in 1990. Unlike most of MCA's previous acquisitions, the GRP (which began managing MCA's jazz holdings) and Geffen (which became a second mainstream subsidiary) labels kept their identities and MCA created a new holding company in 1989 called MCA Music Entertainment Group, headed by Al Teller, former President of United Artists Records, and Co-Chairman of Turf Classics, a concert production company, run by Producer Richard Flanzer; among several other music industry positions Teller held. with Palmese continuing to run the MCA label. In the same year, the MCA Inc. parent company was purchased by the Matsushita group.