login   |    register
Thursday, January 11, 2018 - 01:52 AM UTC
Sad news from Hobbico, they have filled for bankruptcy . Among the companies under the Hobbico umbrella are Revell-Monogram company in the United States, and Revell of Germany in Europe
Hobbico, Inc. Files Petition for Chapter 11 Relief and Pursues Sale of Company
CHAMPAIGN, Illinois. – January 10, 2018 – Hobbico, Inc. ("Hobbico" or "the Company") announced today that it has filed a petition for relief under Chapter 11 of the United States Bankruptcy Code while it seeks an orderly finalization and implementation of its comprehensive restructuring plan. The petition was filed today with the United States Bankruptcy Court – Wilmington of Delaware In conjunction, Hobbico also announced its plan to sell the company.

Founded in 1985, Hobbico, Inc. is the largest U.S. distributor of radio-control and general hobby products. Hobbico is engaged in the design, manufacturing, marketing and distribution of thousands of hobby products including radio-control and general hobby products. The Company’s merchandise includes a wide variety of radio-control models from cars and boats to airplanes and drones. In the general hobby category, Hobbico offers plastic model kits, rockets, road race sets, die-cast models, model trains, jigsaw puzzles, science and educational kits, games, kites, craft kits and much more. Hobbico employs over 550 in facilities that include its West Coast distribution center in Reno, Nev., facilities in Penrose, Colo., and Elk Grove Village, Ill., Axial facilities in the United Kingdom and Germany, and its Corporate Headquarters in Champaign, Ill. The Company sells over 50,000 items through three sales divisions targeting Retail, Wholesale and Mass Market sales channels. For more information, visit www.hobbico.com.

Please remember, when contacting retailers or manufacturers, to mention that you saw their products highlighted here – on AEROSCALE.
Click Star to Rate
4 readers have rated this story.
Get a daily email with links to all our latest news, reviews, and features.

Comments

One thing to note here, there are two Revell companies. There is a Revell Germany and Revell USA, they are both seperate companies. [/quote] Hobbico owns both of them. They work together and release each others' kits a lot. Revell-Monogram does a lot of the distribution of Revell of Germany in the USA. Revell of Germany is in fact in charge of molding a lot of the kits for Revell-Monogram. If you see a Revell-Monogram kit that is molded in Poland-- that's a plant run by Revell Germany. They share a lot like sisters. And it's not really Revell USA, it's Revell-Monogram. Since Round 2 practically owns every other US model label (Lindberg, AMT, MPC) maybe they'll buy Revell-Monogram. That might be the only way we'd ever see the Revell M56 Scorpion or Monogram Weasel ever again or maybe some of the other Aurora molds that Monogram owned that have never seen the light of day (1/600 scale ships, 1/48 armor) yeah, some of us are into vintage kits. I would build the ancient Aurora 1/48 Panther A/G hybrid just like I'm doing all the re-issued Monogram armor.
JAN 11, 2018 - 06:43 PM
Just to be a little more precise, Revell ceased to exist when they were purchased by Monogram Models in the 1980s, and was moved to Morton Grove Illinois, the home of Monogram. Later they would move again to Elk Grove Illinois where they are currently located. The also have many of the old Aurora molds, which are occasionally reboxed under the Revell or Monogram labels. Monogram dropped the Monogram title, since the Revell name was more widely known worldwide, but occasionally makes limited releases in the Monogram name. Many of the old Monogram kits have been released under the Revell and Revell AG label. I remember when Hobbico put many other distributors out of business a few years ago when they acquired the rights to Monogram-Revell, Italeri and Hasegawa. I was working in a LHS then, and "the Big Seven" distributors got together to corner the hobby market in the US, cutting out several of the smaller distributors. Looks like the plan didn't work out. VR, Russ
JAN 11, 2018 - 08:24 PM
Only real scenario unless Revell becomes independent: companies will be passing ownership of the brand around for a good deal of its existence until the market for model kits in the western world dries up. Whoever gets hold of the Revell brand is granted easy passage into the EU market.
JAN 11, 2018 - 09:24 PM
I did mike, I was distraught at the time
JAN 11, 2018 - 09:36 PM
I have heard that Revell of Germany has put out a statement stating they are seperate company, and it is business as usual.
JAN 12, 2018 - 03:03 AM
You might have read it here on Aeroscale Kevin. Revell Germany said as much in answer to a question on their community page: Nils Steyaert‎ to Revell "hello, will the recent bankrupcy of Hobbico have any impact on the availability of Revell products in Europe?" "Revell is not part of the Hobbico bankruptcy filing under Chapter 11 and will continue to operate “business as usual” moving forward. There is no impact on the availability of our products".
JAN 12, 2018 - 03:40 AM
You might have read it here on Aeroscale Kevin. Revell Germany said as much in answer to a question on their community page: Nils Steyaert‎ to Revell "hello, will the recent bankrupcy of Hobbico have any impact on the availability of Revell products in Europe?" "Revell is not part of the Hobbico bankruptcy filing under Chapter 11 and will continue to operate “business as usual” moving forward. There is no impact on the availability of our products".[/quote] I think all this remains to be seen, at least for those of us in the States, because Hobbico is the main US wholesale distributor for Revell AG (Revell Germany) on this side of the pond (for many LHS too), although there are others who may see this as a great opportunity to "fill the void" so to speak. I'm thinking of Sprue Brothers (Douglas Models) which has been around since before WWII, and used to also be Great Models--and was cut out of the original hobby reorganization by Hobbico a few year ago. There's also Stevens International, Merit, and some others. Sprue Brothers has been the most active in expanding though. and, "Bankruptcy" doesn't necessarily mean the same as "out of business", so Hobbico may be back too. So I guess we'll just have to wait and see. VR, Russ
JAN 12, 2018 - 06:36 AM
This press release for RoG says nothing will change for them. Time will tell.
JAN 14, 2018 - 09:27 PM
Luckily it is a Chapter 11 bankruptcy, not a Chapter 7 when a company usually closes up.
JAN 15, 2018 - 12:37 AM
We broke our quick reply box. Working on it. Until fixed go to topic to reply.
Thanks.
THIS STORY HAS BEEN READ 6,388 TIMES.

Hobbico ReviewsMORE
Write your own review