January 22, 2018

LRP closes its doors

In what is a shock news, LRP have announced the closure of their business effective March 31st. The iconic manufacturer and distributor went into insolvency some time ago but the search for an investor did not had a positive outcome which now results in LRP going out of business soon. According to LRP’s own Jürgen Lautenbach he is planning to go ahead with the LRP brand with new structures in the future.

I regret to inform you that our promising investor process finally did not have a positive outcome, which results in the closure of LRP electronic GmbH on March 31st, 2018. Until then, business operations will continue normally with the existing workforce.

Insolvency proceedings of LRP electronic GmbH

Dear Sir or Madam,

LRP electronic GmbH and Associated Electrics, Inc. would like to announce a change in distribution for the Team Associated and Reedy brands.

The bidirectional collaboration between LRP electronic GmbH and Associated Electrics, Inc. stands out as one of the most successful partnerships in the R/C industry’s history. After cooperating to win countless World Championship titles, the successfully shared sales and marketing efforts will come to an end.

Starting February 1st, 2018, LRP electronic GmbH will not be the exclusive distributor for Team Associated and Reedy anymore.

LRP electronic GmbH will now sell off its stock of Team Associated and Reedy products. All warranty and service for Team Associated and Reedy products will be handled by the new Team Associated and Reedy distributors starting February 1st, 2018.

I would like to take this opportunity to thank you for the great support we have received from you in the recent months.

I regret to inform you that our promising investor process finally did not have a positive outcome, which results in the closure of LRP electronic GmbH on March 31st, 2018. Until then, business operations will continue normally with the existing workforce.

I, as the founder of LRP electronic GmbH, intend a new start for the LRP brand in new structures.

We will keep you informed about further developments.

Yours sincerely
Jürgen E. Lautenbach
LRP electronic GmbH



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