8/16/2023 0 Comments Horizon hobby logoWhat will happen with Tower Hobbies? I asked this point blank, and the answer was unsatisfying. What we don't know about this sale could fill a thousand of these articles, but let's hit the high points. Furthermore, should it be approved, the deal will close on April 6th, 2018, at which point Hobbico's assets become Horizon's. Where there is overlap, those people are likely to become unemployed soon.įinally, we know the sale is pending court approval, though there is little reason to think the court will block the sale. It wasn't clear if Hobbico's warehouse and headquarters were part of the deal, but even if they were, it's silly to think Horizon would operate two distribution centers within the same city. We can be fairly sure that some - if not most - of the Hobbico's staff will be losing their jobs. It's pretty safe to assume Axial will be kept around, but some Axial products could conceivably go away - especially where there is overlap with something Horizon already does. The assets of Hobbico will be absorbed into Horizon Hobby proper, at which point people within Horizon will determine the fate of those products and brands. Let me be clear: we are looking at mostly rumors and preliminary discussions - but there are a few things we do know.įirst, Horizon has no intention of running Hobbico as a separate entity. Most of the information contained herein comes from a phone conversation with our Horizon Hobby Sales Rep, so it's at least from the horse's mouth, but most of what we discussed are things thus far unsettled, so it's hard to make any concrete determination. Let's break down what we know, what we don't, and what we hope to see going forward. The hobby world has been in a state of flux since the announcement Hobbico was entering bankruptcy, and this new development doesn't make things any clearer. It's official: Horizon Hobby placed the winning - and as far as I can tell, only - bid for Hobbico's radio control assets, including Axial, ARRMA, Dromida, Top Flite, Great Planes, Carl Goldberg, and more.
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