Industry News: Horizon Hobby Buys Hobbico
In the biggest RC industry buyout in recent history, Horizon Hobby is buying all of Hobbico’s RC-related brands. Here’s the scoop from the Champaign-based newspaper, the News Gazette: “A bankruptcy court judge approved Horizon Hobby’s $18.8 million purchase of Hobbico’s remote-control business Monday, which means Hobbico employees must reapply for their jobs at Horizon before […]
