Been around a long time – 1901; more than a century old!
The Paiste History
The Paiste Sound Story begins at the turn of the century.
Michail Toomas Paiste, a composer and musician, whose father had come from Estonia to serve in the Tsarist Guard, founds a publishing business and music store in St. Petersburg. The operation, which also includes modest instrument manufacturing and repair facilities, flourishes for many years until the upheavals of the Russian Revolution force its closing.
Michail Toomas returns to his native country, and re-opens his business in the city of Tallinn. It is here that he begins to design and manufacture cymbals for concert and marching bands together with his son, Michail M. Paiste, who quickly becomes the driving force and eventually takes over the business. Seeking to meet the rapidly evolving demands of “modern music” and the emerging drum set, the son begins to develop his own special concept for Turkish style cymbals, which he prefers over the Chinese style as a starting point. It is during this time that he also develops the first gongs. The resulting instruments receive awards and international recognition as they begin to be exported to Europe, the USA and overseas.
Rest of History at the below link.