Horizon Hobby acquires AKA Racing Products

Big news as Horizon Hobby, LLC has entered into an agreement to acquire the assets of AKA Products, Inc. Founded by Gil Losi Jr. and Joel Johnson in Temecula, California, AKA has been creating World-class products by World champions since 2006 and are in fact the current World Champions in 1/8th offroad. This acquisition follows last year’s purchase by Horizon Hobby of Pro-Line, meaning the company now owns two of the 3 major tire brands for offroad racing. “This agreement marks another pivotal moment in Horizon Hobby’s commitment to the RC community. AKA adds more world-class experience and products to Horizon Hobby’s Best Brands In RC” said Chris Dickerson, CEO of Horizon Hobby. Joel Johnson, President of AKA Products, said: “We are thrilled for AKA to join forces with Horizon Hobby. This move enables the AKA brand to reach new heights.” Gil Losi, Jr., Vice President of AKA Products added, “Losi and Horizon have a longstanding track record of bringing innovation to the RC community. I’m excited to rejoin the Horizon team and contribute to the next chapter of innovation.”

Source: Horizon Hobby [horizonhobby.com]