HOBBICO AND REVELL: WHAT’S HAPPENING NOW?
HOBBICO, WHICH OWNS REVELL filed for bankruptcy early in 2018. So what is happening with the Hobbico plastic kit brands? Mat Irvine: The brands are primarily Revell, but also Monogram and Renwal. The current state of play has been somewhat up in the air, especially as Hobbico itself was acquired by original rival Horizon in the US. But the sale did not include Revell. Revell-Germany which was still running, in effect independently, has since been acquired by the German investment group Quantum Capital Partners (QCP) under the sub-division Blitz. This is based near Munich, and has also bought Hobbico Germany.
This was approved by the US bankruptcy court dealing with Hobbico, on – ironically – Friday, April 13. The sale price was around $4 million, which is not that great a sum for what is still the world’s largest model kit company. Since then things have been somewhat up in the air. Revell-Germany appears secure, and does not appear to have suffered any layoffs. However, the sale di...