 In 1985, a group of musically dedicated people and investors led by William Schultz purchased the Fender company from Columbia Broadcasting System (CBS).The building that contained the equipment was not part of the sale, so the plant was relocated.During this period, when there was little to no production of instruments in the U.S., Fender imported instruments made by Fender Japan/FujiGen, many of which were the "Contemporary" Stratocasters and Telecasters.