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Penco made Martin and Gibson style acoustic guitars. Their acoustics were usually but not always made with laminated back and sides and often laminated tops. The Penco brand was of relatively high quality. The term "lawsuit guitar" originated after a lawsuit filed by Norlin (Gibson's parent company) against Elger (owner of Ibanez) over trademark infringent in 1977. Penco line of products consisted of electric and acoustic guitars, most of them were copies (also known as "lawsuit guitars") of renowned US guitar like Fender or Gibson, produced by Japanese companies in the 1970s. In the United States, Penco guitars were distributed by the Philadelphia Music Company.
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Ibanez guitars was another brand owned and manufactured by Hoshino Gakki. Penco was a brand of guitars owned and manufactured by the Hoshino Gakki Co.
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