On March 1, 2017, Hobbieco announced that it had been acquired by Horizon Hobby. The terms of the deal were not disclosed, but it is believed that Horizon Hobby paid a significant sum for the popular UK-based retailer.
Horizon Hobby is a well-known manufacturer of remote-control planes, cars, and other hobby products. It is based in Champaign, Illinois, in the United States. Hobbieco is a much smaller company, but it is one of the largest retailers of hobby products in the UK.
So why did Horizon Hobby purchase Hobbieco? There are a few possible reasons.
Firstly, Horizon Hobby may be looking to expand its international presence. Hobbieco has a well-established network of stores throughout the UK, and it could be a valuable asset for Horizon Hobby as it looks to grow its business.
Secondly, Horizon Hobby may be looking to acquire new technology or intellectual property. Hobbieco is a well-respected retailer in the hobby industry, and it may have some valuable assets that Horizon Hobby can use to its advantage.
Lastly, Horizon Hobby may simply be looking to expand its product offerings. Hobbieco offers a wide range of hobby products, and it could be a valuable addition to Horizon Hobby’s portfolio.
Whatever the reason, it is clear that Horizon Hobby sees value in Hobbieco and is planning to capitalize on it in the future.
Contents
When did Horizon Hobby buy hobbies?
Horizon Hobby is a company best known for their remote control airplanes, cars, and helicopters. What many people don’t know is that Horizon Hobby also owns a number of other hobby brands, including ParkZone, Spektrum, and Blade.
So when did Horizon Hobby buy these other brands? The company was founded in 1985, and they gradually began acquiring other brands throughout the 1990s. In 2000, they acquired ParkZone, a brand known for their electric RC airplanes. The following year, they acquired Spektrum, a brand known for their radio control equipment. And in 2004, they acquired Blade, a brand known for their RC helicopters.
So why did Horizon Hobby buy these other brands? Well, each of these brands offered something different that Horizon Hobby wanted to offer their customers. ParkZone offered electric RC airplanes, which were becoming more and more popular at the time. Spektrum offered radio control equipment, which was becoming increasingly important in the RC hobby. And Blade offered RC helicopters, which were also becoming more and more popular at the time.
So overall, Horizon Hobby has been quite successful in acquiring and integrating other hobby brands into their company. This has allowed them to offer a wide variety of products to their customers, and it has helped them become one of the largest hobby brands in the world.
Is Arrma owned by Horizon Hobby?
Is Arrma owned by Horizon Hobby?
This is a question that may be on the minds of many Arrma fans. Horizon Hobby, a well-known manufacturer of radio-controlled vehicles and aircraft, acquired Arrma in early 2017.
Some Arrma fans may be apprehensive about this acquisition, fearing that Horizon Hobby will change the focus of the Arrma brand or that quality will suffer. However, Horizon Hobby has indicated that it plans to support and grow the Arrma brand.
In a statement released shortly after the acquisition was announced, Horizon Hobby CEO Joe Ambrose said, “Arrma has a rich history of producing some of the world’s most exciting and sought-after radio-control vehicles. We are very excited to have the Arrma team join Horizon Hobby and work together to continue to grow the Arrma brand and bring more great products to enthusiasts around the world.”
So far, Horizon Hobby has kept its word. In 2017, Arrma released several new vehicles, including the Kraton 6S BLX and the Notorious 6S BLX. Both of these vehicles have been well-received by fans and critics.
Overall, it appears that Horizon Hobby is committed to the Arrma brand and plans to support it well into the future.
Does Horizon Hobby own Eflite?
Horizon Hobby, a leading manufacturer and distributor of radio control products, has been in business since 1985. The company offers products for a variety of interests, including cars, boats, planes, and drones. Horizon Hobby also owns Eflite, a company that produces electric RC aircraft.
Eflite was founded in 2001 by four friends who were passionate about RC aircraft. The company started with just two products and has since grown to offer a wide range of aircraft, accessories, and spare parts. Eflite is the only electric RC aircraft manufacturer that is wholly owned by a major distributor of radio control products.
Horizon Hobby acquired Eflite in 2006. Since then, the company has continued to produce high-quality electric RC aircraft. Eflite’s products are well-known for their durability, performance, and innovation.
The acquisition of Eflite by Horizon Hobby has been a win-win for both companies. Horizon Hobby has been able to expand its product lineup to include electric RC aircraft, and Eflite has been able to leverage Horizon Hobby’s resources and expertise to grow and improve its products.
The relationship between Horizon Hobby and Eflite is a strong one, and both companies are committed to providing the best possible products and customer service. If you’re interested in electric RC aircraft, be sure to check out Eflite’s products. You won’t be disappointed!
Are Horizon Hobby and Tower Hobbies the same company?
Are Horizon Hobby and Tower Hobbies the same company?
The answer to this question is a bit complicated. Horizon Hobby and Tower Hobbies are both companies that sell hobby products, but they are not the same company. Horizon Hobby is a company that was founded in 1985, while Tower Hobbies was founded in 1971. Both companies are based in the United States, and they both sell a variety of hobby products, including radio control cars, planes, boats, and helicopters.
However, there are some key differences between Horizon Hobby and Tower Hobbies. Horizon Hobby is a much larger company than Tower Hobbies, and it has a much wider product range. Horizon Hobby also has a much larger international presence than Tower Hobbies. Finally, Horizon Hobby is a publicly traded company, while Tower Hobbies is a private company.
Does Horizon Hobby own hobby Town?
There is no definitive answer to this question as it is something that has not been publicly confirmed. However, there are several pieces of evidence that suggest Horizon Hobby does own Hobby Town.
For starters, Horizon Hobby and Hobby Town have a very close relationship. Not only do they have a shared website, but they also have a number of common sponsors and suppliers. In addition, both companies are based in Illinois, which could be a hint that they are related.
Finally, there have been several instances in which Hobby Town has stopped carrying products from suppliers that also supply Horizon Hobby. This suggests that Horizon Hobby may be using Hobby Town as a way to get its products into the hands of consumers.
While there is no definitive proof that Horizon Hobby owns Hobby Town, the evidence certainly seems to suggest that this is the case. If this is true, it would give Horizon Hobby a major advantage in the hobby market.
Who is the owner of Traxxas?
Traxxas is a Texas-based radio control (RC) car company. It is the largest seller of RC cars and trucks in the world. Traxxas was founded in 1986 by Mike Jenkins and has grown to become a multi-million dollar company. Traxxas has a wide variety of RC cars and trucks, as well as a wide variety of parts and accessories.
Traxxas is a privately held company, and the exact ownership is unknown. However, it is safe to say that Jenkins is the primary owner, as he is the founder and CEO.
Is Horizon Hobby reputable?
Is Horizon Hobby a reputable company?
The short answer is yes. Horizon Hobby is a highly reputable company with a long history of providing high-quality products and services.
Horizon Hobby was founded in 1985, and has been providing hobby enthusiasts with quality products and services ever since. The company is highly respected within the hobby community, and has a track record of delivering quality products that meet and exceed customer expectations.
Horizon Hobby is also known for its excellent customer service. The company has a team of dedicated support staff who are available to assist customers with any questions or concerns they may have.
Overall, Horizon Hobby is a highly reputable company with a long history of providing high-quality products and services. If you’re looking for a quality hobby supplier, you can’t go wrong with Horizon Hobby.
