But he got older, and wanted to retire.
Yup. THAT CBS. The one that still makes NCIS for some weird reason.
CBS also owned some of the largest record labels out there. They wanted to laterally integrate to owning not just the artist's contracts, but the means of production.
Fender guitars from the 70s to the early 80s (CBS era) are the one vintage instrument that people really don't want.
Fortunately, employees got together and made the offer to buy the brand from CBS in 1985.
But there was a hitch.
There was no place in North America to build the guitars. No place was ready.
And that's how for a few years every Fender guitar manufactured came out of Japan while the Corona, CA plant was constructed.
Companies can't just shift on a dime. Facilities take time to build, to staff, to get up and running.
Making real things doesn't work like that. It takes time. Years, in some cases. And in those years, employees and customers suffer.
The CBS era amps are all pretty much crap, though.