Does Tower Hobbies Own Horizon Hobby?

Tower Hobbies, founded in 1971 by Bruce Holecek, is now a division of Horizon Hobby, LLC, headquartered in Champaign, Illinois. The company acquired Hobbico in 2018, which was the parent company of Great Planes and Tower Hobbies. The Bankruptcy Court approved the sale of Hobbico’s RC business to Horizon Hobby, LLC, along with a $7 million sale of Hobbico’s Colorado-based model-rocket subsidiary, Estes.

Horizon Hobby features several exciting radio control brands, such as ARRMA, Axial, and RealFlight. Tower Hobbies also became a direct-to-consumer online retailer. In 2019, Spektrum Smart technology was launched. When Horizon Hobby took ownership of Tower Hobbies in 2018, they were able to offer an unprecedented lineup of best-selling brands, becoming a one-stop shop for items from Axial®, ARRMA®, E-flite®, and more.

Horizon Hobby has not intended to run Hobbico as a separate entity, but the assets of Hobbico will be absorbed into Horizon Hobby proper. At this point, people within Horizon will determine the fate of the company.

Tower Hobbies merged in 1984, creating Hobbico, Inc. In 1985, Stephens, along with Janet Ottmers, Debra Love, and Eric Meyers, formed Horizon Hobby. Their selection of quality-built and designed products is quality-built for maximum fun.

However, something in Towers/Hobico’s business model wasn’t working, leading to their bankruptcy and sale to Horizon Hobby. It sounds like there might be a difference between Horizon Hobby and Tower Hobbies in terms of their business model.

Does Horizon Hobby own ARRMA?

ARRMA website, its content, functionality, and design are protected by copyrights, trademarks, designs, and other intellectual property rights. The website is not a toy and is not suitable for children under 14 without adult supervision. Parents and guardians are responsible for ensuring minors receive appropriate guidance. The product is not suitable for public streets, near people or animals, or in small areas.

It is important to read the online manual and familiarize yourself with the product and its electronics before operating. The kit is in accordance with RED Directive 2014/53/EU and should be kept out of reach of small children. The website is in compliance with RED Directive 2014/53/EU.

Is the Horizon Hobby the same as the Tower Hobby?

Tower Hobbies, established in 1971 by hobbyist Bruce Holecek, is currently a division of Horizon Hobby, LLC, headquartered in Champaign, Illinois. Horizon Hobby, LLC is a subsidiary of the larger company.

What companies did Horizon buy?

Horizon operates thirteen locations in Connecticut and Florida, employing over 1, 500 team members. The company has expanded rapidly, entering new markets organically and through acquisitions. Examples include the acquisition of HARP in 2016, Casteel Heating and Cooling in Georgia, Gold Medal Services in 2017, ServiceMark in Pennsylvania, Snell Heating and Air Conditioning in Virginia, Bill Fenwick Plumbing in Jacksonville, Florida, WM Henderson Plumbing, Heating and Cooling in Pennsylvania, and Shanahan’s Heating and Cooling in Virginia.

Hutchinson Heating, Cooling, Plumbing, and Energy Services is a family-run business that provides total home solutions in South Jersey and Delaware Valley. The company is accredited by the Department of Energy, ranked first in the nation by the EPA for exceptional performance, and won the EPA Century Award.

Who is the owner of the Hobbico?

Hobbbico, Inc. was a manufacturer and distributor of hobby products, including radio control airplanes, boats, cars, helicopters, and multirotors/drones. The company had around 850 employees worldwide. In 2018, Hobbico filed for Chapter 11 bankruptcy protection and announced its sale. Horizon Hobby acquired control of most Hobbico RC brands and IP, except for Great Planes Manufacturing. Estes Industries acquired the Estes-Cox business unit, and a German venture capital group acquired Revell Germany whole and the Revell-Monogram brands, IP, and molds.

The company distributed over 150 brands of hobby products, including about 30 proprietary brands. Hobbbico was the exclusive distributor for Futaba radio control products in North and South America, O. S. Engines in North America, and HPI Racing, Italeri, Novak Electronics, and Nine Eagles in North and South America.

Does Horizon Hobby own Spektrum?

Horizon Hobby, LLC owns Spektrum and Horizon trademarks and service marks, which are valuable intellectual property assets that represent the quality and standards of their products and services. These trademarks should be used properly, using adjectives to designate a specific brand or product. Horizon trademarks should always be used before a noun, never as a plural or possessive, and should not be used as a verb. If using a trademark within a product or service name, apply the correct trademark symbol (™ or ®) in prominent locations for US publications.

If using the same trademark repeatedly in a document, include the full product name with its full descriptor and the appropriate trademark symbol. The trademark should appear with its noun descriptor as often as possible, but the trademark symbol is not required. Horizon trademarks should not be incorporated into other product names, service names, trademarks, logos, or company names, and should not be adopted that are confusingly similar to Horizon’s trademarks.

What happened to Hobbico?

Lincoln International, a leading global mid-market investment bank, has announced the sale of Hobbico, Inc., a company based in Champaign, Illinois, in three separate transactions. The sale was made under section 363 of the bankruptcy code. Hobbico designs and distributes radio-controlled and general hobby products globally, offering a wide range of vehicles, models, and related accessories. The company’s products are sold through a network of independent hobby dealers, big-box retailers, and online platforms.

Lincoln served as the exclusive investment banker to Hobbico and worked closely with the management team and stakeholders through the chapter 11 bankruptcy and section 363 sale processes. The comprehensive evaluation of strategic alternatives led to the sale of Hobbico’s operating businesses to three different acquirers, including one in Germany. Managing Director Alex Stevenson expressed satisfaction with the successful closure of the transactions and the preservation of Hobbico’s iconic brands in the hobby industry.

What company does Horizon Hobby own?

Horizon Hobby, a leading RC racing company, acquired Hobby Dynamics in 1992 and gained exclusive distribution rights to brands like JR radios and Saito engines. In 1998, they rebranded Indy R/C into horizonhobby. com, featuring the latest products, tech articles, and dealer locators. In 2000, they introduced the HobbyZone Firebird, the world’s first Teach-Yourself-to-Fly RC airplane, featuring a patented design and user-friendly two-channel control system. In 2000, Horizon Hobby merged with Team Losi, a leader in high-performance RC racing vehicles, to launch the Losi Mini-T in 2003, further enhancing their product portfolio.

What is going on with Horizon Hobby?

Horizon Hobby is dedicated to the ongoing enhancement of the RealFlight software with the incorporation of sophisticated capabilities.