In the late 1960's Roderich - the founder - retired and sold his company to the

clarinet company Wenzel Schreiber & Sons in Nauheim. Later Schreiber (together
with Roderich Paesold) was integrated in the Boosey&Hawkes (B&H) group (the
other companies were Keilwerth, Buffet Crampon, Besson, Rico, Winter and (only
from 1993 on) Hofner). A world wide group-own network of international distribution
companies was installed.
There was a high demand for guitars in the 70's and 80's but B&H didn't have a own
guitar manufacturing company yet. But the group management of B&H wanted to
join the guitar boom: Dutch made guitars (actually manufactured by Egmont, this
company is not existent any more) were bought in with Paesold labels and sold
mainly by the British and USA distribution companies. We here in Germany initially
even didn't know anything about that.