In January 2020, Servco Pacific became the majority owner after acquiring the shares of TPG Growth.[8]
History
Origins
The company began as "Fender's Radio Service" in late 1938, in Fullerton, California. As a qualified electronics technician, Fender had repaired radios, phonographs, home audio amplifiers, public address systems and musical instrument amplifiers, all designs based on research developed and released to the public domain by Western Electric in the 1930s, using vacuum tubes for amplification. The business also sidelined in carrying records for sale and the rental of company-designed PA systems. Leo became intrigued by design flaws in contemporary musical instrument amplifiers and began building amplifiers based on his own designs or modifications to designs.
Diagram of Leo Fender's lap steel guitar from a 1944 patent application.
By the early 1940s, Leo Fender had entered into a partnership with Clayton Orr "Doc" Kauffman, and they formed the K & F Manufacturing Corp to design, manufacture, and market electric instruments and amplifiers. Production began in 1945 with Hawaiian lap steel guitars like the "Champion" (incorporating a patented pickup) and amplifiers, sold as sets. By the end of the year, Fender became convinced that manufacturing was more profitable than repair, and decided to concentrate on that business instead. Kauffman remained unconvinced, and he and Fender amicably parted ways by early 1946. At that point, Fender renamed the company the "Fender Electric Instrument Company". The service shop remained open until 1951, although Leo Fender did not personally supervise it after 1947.
Leo Fender's lap steel guitar made in 1946 for Noel Boggs was probably the first product of the new company, bearing an early presentation of the cursive "big F" Fender logo.[9]
In the late 1940s, Fender began to experiment with more conventional guitar designs. Early Broadcasters were plagued with issues; while Fender boasted the strength of the instrument's one-piece maple neck, early adopters lamented its tendency to bow in humid weather. Fender's reluctant addition of a metal truss rod into the necks of his guitars allowed for the much needed ability to fine-tune the instrument to the musician's specific needs. With the design of the Telecaster finalized, mass production began in 1950. The Telecaster's bolted-on neck allowed for the instrument's body and neck to be milled and finished separately, and for the final assembling to be done quickly and cheaply by unskilled workers.
In 1950, Fender introduced the first mass-produced solid-body electric guitar, the Telecaster ("Tele") (originally named the Broadcaster for two-pickup models and Esquire for single-pickup).[10] Following its success, Fender created the first mass-produced electric bass, the Precision Bass (P-Bass). In August 1954 Fender unveiled the Stratocaster ("Strat") guitar. With the Telecaster and Precision Bass having been on the market for some time, Leo Fender was able to incorporate input from working musicians into the Stratocaster's design. Following the Stratocaster's release, the Precision Bass received a major makeover, aligning it more with the Stratocaster as opposed to the Telecaster.
In 1959, Fender released the Jazzmaster guitar. Like the Stratocaster before it, the Jazzmaster was a radical departure from previous guitar designs. The offset body, vibrato system and innovative electronics were designed to capture the Jazz guitar market which until then was dominated by acoustic guitars. Fender even promoted the Jazzmaster as a premium successor to the Stratocaster, an accolade it never fully achieved. Despite being shunned by the Jazz community, the guitar found a home in the growing surf rock music scene, one that would go on to influence the Jazzmaster's successor, the Jaguar in 1962. The Fender Jazz Bass was released in 1960, a year after the Jazzmaster.
Sale to CBS
In January 1965, Leo Fender sold his companies to the Columbia Broadcasting System (CBS) for $13 million ($126 million in 2023 adjusted for inflation).[11][12] CBS entered the musical instruments field by acquiring the Fender companies (Fender Sales, Inc., Fender Electric Instrument Company, Inc., Fender Acoustic Instrument Company, Inc., Fender-Rhodes, Inc., Terrafen, Inc., Clef-Tronix, Inc., Randall Publishing Co., Inc., and V.C. Squier Company), as well as Electro-Music Inc. (Leslie speakers), Rogers drums, Steinway pianos, Gemeinhardt flutes, Lyon & Healy harps, Rodgers (institutional) organs, and Gulbransen home organs.
The sale enabled CBS to bring in money and personnel who assembled and put to market a large inventory of Fender parts and unassembled guitars. However, the sale also led to a reduction of the quality of Fender's guitars while under the management of "cost-cutting" CBS. Several cosmetic changes occurred after 1965/1966, such as a larger headstock shape on certain guitars. Bound necks with block shaped position markers were introduced in 1966. A bolder black headstock logo, as well as a brushed aluminum face plate with blue or red labels (depending the model) for the guitar and bass amplifiers became standard features, starting in late 1968. These first "silverface" amps added an aluminium trim detail around the speaker baffle until 1970.
Other cosmetic changes included a new "tailless" Fender amp decal and a sparkling orange grillcloth on certain amplifiers in the mid-1970s. Regarding guitars, in mid-1971, the usual four-bolt neck joint was changed to one using only three bolts, and a second string tree for the two middle (G and D) strings was added in late 1972. These changes were said to have been made to save money: while it suited the new 'improved' micro-tilt adjustment of the neck (previously requiring neck removal and shimming), the "Bullet" truss rod system, and a 5-way pickup selector on most models, it also resulted in a greater propensity toward mechanical failure of the guitars.
During the CBS era, the company did introduce some new instrument and amplifier designs. The Fender Starcaster was particularly unusual because of its shallow, yet semi-hollow body design that still retained the traditional Fender bolt-on neck, albeit with a completely different headstock. The Starcaster also incorporated a new Humbucking pickup designed by Seth Lover, which became known as the Wide Range pickup. This pickup also gave rise to 3 new incarnations of the classic Telecaster: the Telecaster Custom, the Telecaster Deluxe and the Telecaster Thinline. Though more recent use by Jonny Greenwood of Radiohead has raised the Starcaster's profile, CBS-era instruments are generally much less coveted or collectable than the "pre-CBS" models created by Leo Fender prior to selling the Fender companies to CBS in 1965. In 1966 Fender opened a much a larger facility at 1300 S. Valencia Drive adjacent to the existing factory at 500 South Raymond Avenue.[13] Guitar and amplifier production, which had already increased 30% in CBS's first year, soon increased another 45%.[13]
In 1981, CBS brought in new management: three executives, John McLaren, William "Bill" Schultz and Dan Smith. They were experienced in the music industry, having previously worked for Yamaha Musical Instruments. They needed to deal with quality control issues, so the Fender Fullerton plant was virtually shut down in order to revamp manufacturing. Fender was also struggling to fight against lower cost copycat guitars on the market. They needed to manufacture the guitars somewhere else, so decided to move production to Japan, where some of the copycat guitars were coming from, even working with those companies. On March 11, 1982, Fender Japan Ltd. was founded.[14]
In 1983, the Fender Stratocaster received a short-lived redesign including a single ("master") tone control, a bare-bones pickguard-mounted output jack, redesigned single-coil pickups, active electronics, and three push buttons for pickup selection (on the Elite Series). Additionally, previous models such as the Swinger (also known as Musiclander) and Custom (also known as Maverick) were perceived by some musicians as little more than attempts to squeeze profits out of factory stock. The so-called "pre-CBS cult" refers to the popularity of Fenders made before the sale.
After selling the Fender company, Leo Fender founded Music Man in 1975, and G&L Musical Instruments in 1979, both of which manufacture electric guitars and basses based on his later designs.
After CBS
Leo Fender and early guitar models at the Fender Guitar Factory Museum.
In 1985, in a campaign initiated by then CBS Musical Instruments division president William Schultz (1926–2006), the Fender Electric Instrument Manufacturing Company employees purchased the company from CBS and renamed it "Fender Musical Instruments Corporation" (FMIC). The sale did not include the old Fullerton factory; FMIC had to build a new facility in nearby Corona. The vast majority of Fender guitars sold in 1985 were made in Japan.[14]
In 1987 Fender established a small manufacturing facility in Ensenada, Baja California, Mexico and in 1990 Fender and their Japanese partners FujiGen started guitar manufacturing in the city. Mexican Fenders appeared in the catalog from January 1991. The plant was rebuilt in 1994 after a fire. Player, Vintera and Acoustisonic models are now made there.[15]
In 1991, FMIC moved its corporate headquarters from its Corona location to Scottsdale, Arizona.
Fender Telecaster with a "spaghetti logo" from the pre-CBS era
The Fender "spaghetti logo" was used by Fender from 1954 to the mid-1960s. By 1965 Fender used a transition logo which was a thicker gold-and-black logo (this logo is associated with CBS).[18]
Acquisitions and partnerships
FMIC has purchased a number of instrument brands and firms, including the Guild Guitar Company, the Sunn Amplifier Company, and SWR Sound Corporation. In early 2003, FMIC reached an agreement with the Gretsch family and began manufacturing and distributing new Gretsch guitars. Fender also owns Jackson, Olympia, Orpheum, Tacoma Guitars, Squier, and Brand X amps.
Fender published the Fender Frontline magazine as a source of product, artist and technical data for the company's customers.[25] The first half featured interviews and articles about the guitars and the stars who played them, and the second half was a catalog section.[26]
In 2001, Fender eliminated the interviews and features section, and Frontline became an annual illustrated price list until 2006, when it was replaced with a product guide.[26]
According to American guitar expert George Gruhn, the Fender Telecaster, Precision Bass, and Stratocaster are "three of the most important models in the history of the electric guitar", and were all introduced between 1950 and 1957.[34] In 1953, Fender also introduced the Stringmaster, a double-pickup model[34] which was popular with western swing steel-guitar players.[35]
Fender manufactures and distributes all musical instruments sold under the EVH brand, including Custom Shop models and replicas of the Frankenstrat.
Squier was a string manufacturer that Fender acquired. Fender has used the Squier brand since 1982 to market inexpensive variants of Fender guitars to compete with Stratocaster copies, as the Stratocaster became more popular. Squier guitars have been manufactured in the United States, Japan, Korea, Indonesia and China.
^"FMIC Sells KMC Music Wholesale Distribution Business to JAM Industries". Music Inc. Magazine. February 12, 2015. Archived from the original on March 14, 2015. Fender Musical Instruments Corporation (FMIC) announced on Feb. 10 that it has completed an asset sale of the KMC Music wholesale distribution business, including the trade name B & J Music, and certain proprietary brands, to JAM Industries, Ltd. JAM Industries is a global leader in the MI, pro-audio and consumer electronics wholesale distribution business.
