Complex sentence: The brandname,'Squier' used since the early 80's and previously a String manufacturer bought up by Fender, adorns many inexpensive, good value instruments which use the Fender designs albeit with cheaper components.
Split into simpler sentences: The brandname,'Squier', (previously a string manufacturer bought up by Fender) has been used since the early 80's for downmarket Fender instruments. The name adorns many inexpensive, good value guitars which use the Fender designs with cheaper components.