(CNN) — AC/DC co-founder and guitarist Malcolm Young has died after battling dementia for several years, the band announced Saturday. He was 64. Young died at home with his family at this bedside, the band said in a statement. Young, along with his brother Angus, founded the legendary rock band in 1975 in Australia. “Renowned for his musical prowess Malcolm was a songwriter, guitarist, performer, producer and visionary who inspired many,” the statement said.