Hobbico is the leading distributor of radio-controlled aircraft, cars and boats in the United States. The company offers a wide range of products for enthusiasts of all ages and skill levels, from entry-level to more experienced users.
Hobbico was founded in 1986 by current CEO Richard Knerr and his business partner, Arthur “Spud” Melin. The company started out as a small mail-order business, selling radio-controlled planes and cars.
In the early years, Hobbico was headquartered in Knerr’s garage. The company grew rapidly, and in 1990 it moved to a larger facility in Champaign, Illinois.
In 1996, Hobbico acquired Great Planes Model Distributors, one of the largest distributors of model aircraft in the world.
Today, Hobbico is a leading distributor of radio-controlled aircraft, cars and boats in the United States, with a wide range of products for enthusiasts of all ages and skill levels. The company has a network of more than 1,000 dealers throughout the country.
Hobbico is a privately held company, and the Knerr family is the majority owner.
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Who owns Tower Hobbies now?
Who owns Tower Hobbies now? That is a question that a lot of people have been wondering about, especially in the wake of the recent Toys “R” Us bankruptcy.
So, who does own Tower Hobbies now? The answer is that the company is now owned by a group of investors led by Mota Group. Mota Group is a private equity firm that is based in Illinois.
So, what does this mean for Tower Hobbies? It is likely that the company will continue to operate in a similar fashion, with the same focus on selling hobby products. However, it is possible that there could be some changes in terms of the products that are offered, or the way that they are marketed.
Overall, Tower Hobbies is in good hands with Mota Group. The company is well-funded and has a lot of experience in the retail industry. This should ensure that Tower Hobbies continues to thrive in the coming years.
Is Arrma owned by Horizon Hobby?
Is Arrma owned by Horizon Hobby?
This is a question that has come up a few times and there seems to be some confusion about the answer. So, is Arrma owned by Horizon Hobby?
The answer is no, Arrma is not owned by Horizon Hobby. Horizon Hobby is a large company that produces a variety of radio control products, including Arrma products. However, Arrma is a separate company that produces its own line of radio control vehicles.
So, if you’re looking for a Horizon Hobby Arrma product, you’ll need to head to the Horizon Hobby website. However, if you’re looking for an Arrma product that is not made by Horizon Hobby, you’ll need to head to the Arrma website.
What happened to Tower Hobbies?
What happened to Tower Hobbies?
In the early 1970s, Tower Hobbies was one of the largest and most popular hobby stores in the United States. However, the company filed for bankruptcy in 2003, and its assets were auctioned off. What caused Tower Hobbies’ downfall, and what happened to its assets after the bankruptcy?
Tower Hobbies was founded in 1971 by Bob Malkas and two partners. The company became a leading retailer of radio-controlled model airplanes and cars, and grew rapidly in the early 1970s. In the late 1990s and early 2000s, however, Tower Hobbies ran into financial trouble. The company filed for Chapter 11 bankruptcy in 2003, and its assets were auctioned off.
What caused Tower Hobbies’ downfall?
There are several factors that contributed to Tower Hobbies’ bankruptcy. First, the company was slow to adapt to the rise of the Internet, and did not invest in online sales. Second, Tower Hobbies was hurt by the recession of the early 2000s. And finally, the company had high debt levels and was unable to repay its creditors.
What happened to Tower Hobbies’ assets after the bankruptcy?
The assets of Tower Hobbies were auctioned off in 2003. Most of the company’s assets were purchased by Horizon Hobby, a competing hobby retailer. Horizon Hobby continued to operate the Tower Hobbies website and sell radio-controlled models under the Tower Hobbies brand.
Does hobbico exist?
Does Hobbico exist? This is a question that has been asked by many people over the years. Unfortunately, the answer is not clear-cut.
Hobbico is a company that has been in business for many years. They sell a variety of products, including model airplanes, cars, and boats. They also sell a variety of hobby supplies, such as paints, glues, and tools.
However, in February of 2018, Hobbico filed for Chapter 11 bankruptcy protection. This means that the company is in financial trouble and may have to close its doors.
So the answer to the question of whether or not Hobbico exists is unfortunately not clear. It is possible that the company will continue to operate, but it is also possible that it will close down.
Does Horizon Hobby own Duratrax?
There is some speculation on whether Horizon Hobby owns Duratrax. Horizon Hobby is a large, well-known company that produces radio-controlled vehicles, aircraft, and boats. Duratrax is a smaller company that produces remote control vehicles and accessories.
Some people believe that Horizon Hobby owns Duratrax because Horizon Hobby has a history of buying up smaller companies. However, there is no concrete evidence that Horizon Hobby has purchased Duratrax.
Both companies have declined to comment on the matter. So, at this point, it’s unclear whether or not Horizon Hobby actually owns Duratrax.
What country Arrma from?
Arrma is a brand of remote-controlled cars, trucks, and boats. The company is headquartered in Birmingham, England.
Arrma was founded in 2006 by brothers Ben and Andy Sadler. The company started out making electric remote-controlled cars, and quickly grew in popularity.
Today, Arrma offers a wide range of remote-controlled vehicles, including cars, trucks, and boats. The company’s products are sold in over 60 countries worldwide.
Arrma’s products are known for their high quality and durability. The company is committed to producing safe and fun products that are perfect for both beginner and experienced drivers.
If you’re looking for a quality remote-controlled car, truck, or boat, Arrma is a brand you can trust.
Why did Tower Hobbies stop selling Traxxas?
In the summer of 2018, hobbyist retailer Tower Hobbies announced that it would no longer be selling Traxxas brand products. This decision came as a surprise to many, as Traxxas has been one of the most popular brands in the hobby industry for many years. So why did Tower Hobbies stop selling Traxxas?
There are a few possible explanations for this decision. One possibility is that Tower Hobbies was simply looking to make room for new brands in its product lineup. Traxxas has been experiencing declining sales in recent years, so it’s possible that Tower Hobbies decided that it was no longer worth carrying the brand.
Another possibility is that Tower Hobbies was unhappy with the way Traxxas was being managed. Traxxas has been experiencing some financial struggles in recent years, and it’s possible that Tower Hobbies was concerned about its future.
Finally, it’s possible that Tower Hobbies simply decided that it was no longer worth carrying the Traxxas brand. Traxxas is a very popular brand, but it’s also been very expensive to carry. Tower Hobbies may have decided that it was no longer worth the expense.
Whatever the reason, Tower Hobbies’ decision to stop selling Traxxas has definitely caused a stir in the hobby community. Traxxas has been one of the most popular brands for many years, and its products are highly sought-after. Tower Hobbies’ decision to stop selling them has definitely left many people disappointed.
