Tower Hobby is a retailer of radio-controlled (RC) aircraft, cars and boats. It was founded in 1971, and is now headquartered in Champaign, Illinois. Tower Hobby was acquired by Horizon Hobby in 2007.
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Who owns Tower Hobbies now?
In 1971, two entrepreneurs, Dick Knerr and Arthur “Spud” Melin, founded a company called Wham-O. Wham-O was best known for producing popular toys such as the Hula Hoop and Frisbee. In 1977, Knerr and Melin sold Wham-O to CBS.
In 2003, CBS sold Wham-O to a group of investors. The new owners of Wham-O decided to sell off some of the company’s divisions. In 2004, Tower Hobbies was sold to Horizon Hobby.
Horizon Hobby is a privately held company that is based in Champaign, Illinois. Horizon Hobby is a leading manufacturer and distributor of radio control products. Some of Horizon Hobby’s popular brands include Traxxas, ParkZone, and Blade.
Tower Hobbies is a division of Horizon Hobby that specializes in selling radio control products to consumers. Tower Hobbies is the largest retailer of radio control products in the world.
In 2013, Horizon Hobby was acquired by the private equity firm L Catterton. L Catterton is a leading global consumer-focused private equity firm.
So, who owns Tower Hobbies now? L Catterton.
Does Horizon Hobby own Tower Hobbies?
Horizon Hobby, a large manufacturer of radio-controlled aircraft and vehicles, is often speculated to own Tower Hobbies, the largest retailer of radio-controlled aircraft and vehicles in the United States. However, there is no clear evidence that Horizon Hobby owns Tower Hobbies.
Horizon Hobby is a publicly traded company, with its shares available on the New York Stock Exchange. Tower Hobbies is a privately held company, and its ownership is not public information. Horizon Hobby has never confirmed or denied that it owns Tower Hobbies.
There are several pieces of evidence that suggest Horizon Hobby may own Tower Hobbies. First, Horizon Hobby and Tower Hobbies have many common shareholders. Second, Horizon Hobby has a history of acquiring other companies in the radio-controlled aircraft and vehicles industry. Third, Tower Hobbies’ CEO, Jeff Kober, is also a senior vice president at Horizon Hobby.
Despite this evidence, there are also several reasons why Horizon Hobby may not own Tower Hobbies. First, Horizon Hobby has never confirmed or denied that it owns Tower Hobbies. Second, the two companies have different management teams. Third, Horizon Hobby is a publicly traded company, while Tower Hobbies is a privately held company. Finally, Tower Hobbies is much larger than Horizon Hobby, with a revenue of $190 million in 2016 compared to Horizon Hobby’s revenue of $147 million in 2016.
Ultimately, it is unclear whether Horizon Hobby owns Tower Hobbies. However, there is evidence that suggests Horizon Hobby may be the owner.
What brands are owned by Horizon Hobby?
Horizon Hobby, LLC is a company that specializes in the manufacturing and distribution of radio control (RC) aircraft, cars, boats, and other hobby-related items. Some of the most well-known brands that are owned by Horizon Hobby include Traxxas, Blade, and ParkZone.
Traxxas is a brand that is known for its high-quality RC vehicles. Some of the most popular Traxxas products include the Rustler VXL and the X-Maxx.
Blade is a brand that is known for its high-quality RC helicopters. Some of the most popular Blade products include the Blade 180 CFX and the Blade mCP X2.
ParkZone is a brand that is known for its high-quality RC airplanes. Some of the most popular ParkZone products include the ParkZone Spitfire and the ParkZone F4U Corsair.
Who owns Hobbico?
Hobbico is a retail and distribution company that specializes in radio-control products and model aircraft. They were founded in 1988, and they have since become one of the largest hobby companies in the United States.
There has been some speculation over the years about who actually owns Hobbico. Back in 2004, the company was acquired by the private equity firm The Carlyle Group, but it’s never been clear who actually controls the company. In 2013, Hobbico filed for bankruptcy, and there was some speculation that The Carlyle Group might sell the company off in order to pay off their debts.
However, in February of 2018, it was announced that Hobbico had been acquired by the RC company Horizon Hobby. Horizon Hobby is a subsidiary of the Chinese company DCHobby, so it’s not clear yet what the implications of this acquisition will be.
Who owns Losi RC?
Who owns Losi RC is a question that has been asked many times over the years. Losi RC is a popular brand of remote control cars and trucks, and there has been much speculation over who actually owns the company.
Losi RC was founded in 2002 by Jay Katz, who is still the company’s CEO. However, in 2006, the company was acquired by Horizon Hobby. Horizon Hobby is a large manufacturer and distributor of radio-controlled toys and models, and they are headquartered in Champaign, Illinois.
So, while Jay Katz is still the CEO of Losi RC, the company is actually owned by Horizon Hobby. This has caused some confusion among customers and fans of the brand, as they may not be aware of the ownership change.
Despite this, Losi RC continues to be a popular and successful brand, with a wide range of remote control cars and trucks to choose from. The company has a strong reputation for quality and innovation, and their products are well-loved by hobbyists and enthusiasts all over the world.
So, who owns Losi RC? Horizon Hobby does, but the company is still run by Jay Katz, and they continue to produce high-quality remote control cars and trucks.
Where are Horizon Hobby products made?
Where are Horizon Hobby products made?
Horizon Hobby is a leading worldwide producer and distributor of radio control products and accessories. The majority of Horizon Hobby products are made in China, but the company also has production facilities in the United States, Germany, and the United Kingdom.
Horizon Hobby’s Chinese production facilities are located in the city of Shenzhen. The company’s United States production facilities are located in Champaign, Illinois, and its German production facilities are located in Traunstein. Horizon Hobby’s United Kingdom production facilities are located in Farnborough.
All of Horizon Hobby’s production facilities are dedicated to the manufacture of radio control products. The company has a wide range of products that are manufactured in these facilities, including airplanes, helicopters, cars, boats, and drones.
Horizon Hobby is a well-respected producer of radio control products and its products are highly sought after by consumers. The company’s products are known for their quality and durability, and its drones are particularly popular among consumers.
In addition to its production facilities, Horizon Hobby also has a large network of distributors that sell its products in countries all over the world. The company has a strong presence in the United States, Europe, and Asia, and it is quickly expanding into other regions of the world.
Horizon Hobby is a well-established company with a strong track record of success. Its products are highly sought after by consumers and it has a large network of distributors that sell its products in countries all over the world. The company is quickly expanding into other regions of the world and is poised for continued success in the years to come.
Why did Tower Hobbies stop selling Traxxas?
In early 2019, Tower Hobbies announced that it would no longer be selling Traxxas products. This decision came as a surprise to many Traxxas fans, as Tower Hobbies had been a major retailer for the brand for many years.
So why did Tower Hobbies stop selling Traxxas? There are several possible reasons.
First, Traxxas may have been too expensive for Tower Hobbies. Traxxas products are typically more expensive than those of other brands, and Tower Hobbies may have decided that it wasn’t worth the extra expense.
Second, Tower Hobbies may have been unhappy with Traxxas’ customer service. Traxxas has a reputation for being slow to respond to customer complaints and for providing poor customer support. Tower Hobbies may have decided that it was no longer worth dealing with these issues.
Finally, Tower Hobbies may have simply decided to focus on other brands. Tower Hobbies is a large retailer, and it may have decided that it was no longer worth dedicating resources to selling Traxxas products.
