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January 9, 2012

Hobbico acquires Axial, Team Durango & Arrma

Hobbico acquires Axial, Team Durango & Arrma

Big news tonight with Hobbico, Inc. announcing that they have acquired the Axial, Team Durango and Arrma brands. Axial will continue to operate as an independent company from its facility in Irvine, California, while Team Durango and Arrma will also continue independently from their current offices in Ashby, Leicestershire, UK. The product lines will continue to be available through a worldwide network of distributors. “We’re proud to bring these strong product lines into the Hobbico family,” said Wayne Hemming, President of Hobbico. “I’m particularly happy to welcome the teams of talented professionals at Axial, Team Durango and Arrma and look forward to the innovative products that they are developing.” “I’m excited about this new affiliation with Hobbico,” said Jeff Johns, General Manager of Axial R/C Inc., “This will give Axial additional resources to continue our rapid growth.” “I look forward to working with Durango and Arrma staff as well as those within Hobbico to continue to introduce innovative and successful products. This is an exciting step which we are sure will help take us to the next level” said Jason Dearden, Managing Director of Arrma Durango, Ltd.

Source: Hobbico [hobbico.com]



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