RC ADVENTURES – HOBBiCO is BANKRUPT? What does this Mean for Our Favorite Brands?

The Wheel Of Fortune has been Spun, and Hobbico has landed on Bankrupt. What does this mean? For those that do not know, Hobbico distributes over 400 brands of product and 60,000 items. This includes Hobbico’s proprietary product lines that are some of the most respected in the hobby industry. So MANY Rumours, and Myths being passed around – But what is the Truth? Let’s Read the Official 2018 Press Release about Hobbico, and a Chapter 11 Filing, (bankruptcy protection). Will they still support the brands they own? Will you be able to get parts? Are they Disappearing? This video encompasses the information I have been given from Hobbico.

From Wikipedia:

Company History:
1) In 1971 Tower Hobbies was founded by Bruce Holecek.

2) In 1972 Great Planes Model Distributors was founded by Don Anderson.

3) Hobbico was started in 1985 when Tower Hobbies was combined with Great Planes Model Distributors to form Hobbico, Inc.

4) In November 2005 the company became a 100% employee-owned ESOP (Employee Stock Ownership Plan).

5) In May 2007 Hobbico acquired Revell-Monogram, famous maker of Revell plastic model kits.

6) In January 2010 Hobbico acquired model rocket maker Estes Industries.

7) In September 2010 Hobbico was appointed exclusive distributor for Thunder Tiger in North and South America.

8) In January 2012 Hobbico acquired the brands Axial, Durango, Arrma and dBoots tires.

9) As of January 2015 Hobbico no longer distributes Thunder Tiger products.

10) In 2012, Hobbico acquired Revell Germany located in Bunde, Germany, and launched Hobbico Europe.

11) As of January 2018, Hobbico filed for bankruptcy protection

For a FULL List of Brands owned by Hobbico, please click this link:
https://www.hobbico.com/brands.php

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RC ADVENTURES – HOBBiCO is BANKRUPT? What does this Mean for Our Favorite Brands?

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Kane Dane