Hobbico acquires Revell Germany

Hobbico, Inc. of Champaign, Illinois, announced today that it has acquired Revell Germany.

Revell Germany will continue to operate from its headquarters in Bu?nde, located near Hannover, Germany and will be led by Hans Remfert, President of Revell Germany.

“Hobbico’s acquisition of Revell Germany creates an enormous opportunity for our company and our employees”, said Hans Remfert, President of Revell Germany. “With the support of Hobbico as a strong parent company, we have a great opportunity to expand our entry into the RC hobby segment of the European market. Hobbico has experience and know-how in this area as well as a strong assortment of product with worldwide recognition which we will integrate according to the European market conditions.”

“We are pleased to reunite the Revell brand under one owner,” said Wayne Hemming, President of Hobbico. “Now, Revell can proceed with a worldwide strategy for growth of the core plastic model business.”

Source: http://cs.scaleautomag.com/SCACS/forums/thread/1002013.aspx

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