SEARCH FINESCALE.COM

Enter keywords or a search phrase below:

Revell assets purchased by German investment group

1233 views
15 replies
1 rating 2 rating 3 rating 4 rating 5 rating
Moderator
  • Member since
    September, 2015
Revell assets purchased by German investment group
Posted by enash on Thursday, April 19, 2018 2:32 PM

What we know so far...

 

The bankruptcy of Hobbico has led to Revell’s assets being bought by a German investment group, listed in court documents as Blitz 18-313. It is based near Munich. Blitz also bought Hobbico Germany.

The sale was approved by a U.S. bankruptcy court Friday, April 13. Sale price was $3.9 million with several contingencies that could raise or lower the sum. Hobbico, based in Illinois, had owned Revell and was forced to sell it due to its bankruptcy. 

Here’s what we know about the sale. No official announcement has come from Blitz. Our information comes from court documents and other industry sources.

  1. All Revell US operations ceased on Friday, April 13. The Illinois offices were closed and 15 people lost their jobs.
  2. Revell Germany will continue to operate as in the past with Blitz being its owner. No word on any layoffs or changes in Germany. Sources tell us that Revell Germany staff only found out about the sale on Friday, and no further details were available at that time.
  3. We believe model kits already in development, including the Ford GT that is due later this summer, will still be produced. We hear the Ford GT will now be boxed as a Revell Germany kit.
  4. There has been no announcement of a distributor for Revell Germany products that may be sold in the U.S. market. We suspect an announcement will come soon though as the investors will want to see cash flow get back to its previous levels as soon as possible. In addition, the court documents say that all inventory must be moved from the Hobbico warehouse in Champaign, Ill., within 30 days.
  5. Court documents say the sale included all molds and tooling owned by Revell US, so those now belong to Revell Germany.
  6. It also included Revell trademarks, such as Revell in various forms, Snap Tite and Snaptite, Junior Kit, Bad Medicine, Renwal, RM Kustom, California Wheels, Monogram, Pro Modeler, Revell Monogram, Red Baron, Ice T, and many more.
  7. There was at least one other bidder for Revell beyond the winning Blitz bid.
  8. Also up in the air due to Hobbico’s bankruptcy is the distribution of Italeri and Hasegawa models. Hobbico was their U.S. distributor. There has been no word yet on who else may take up Italeri and Hasegawa distribution in the U.S. market.

 

 

Tags: Revell

- Elizabeth Nash, assistant editor of FSM

  • Member since
    September, 2012
Posted by GMorrison on Thursday, April 19, 2018 2:40 PM

Thanks for the information, Elizabeth. You and Aaron have "sources" none of us would know about.

This can't be good. The euro has been climbing against the dollar for the last year.

  • Member since
    April, 2015
Posted by Mopar Madness on Thursday, April 19, 2018 3:24 PM

Thank you for the update.  

Chad

God, Family, Models...

At the plate: 1/72 Airfix A-4 Skyhawk

On deck: 1/700 Trumpeter Graf Zeppelin

In the hole: 1/72 ICM FW 189A-1  

  • Member since
    March, 2012
  • From: Corpus Christi, Tx
Posted by mustang1989 on Thursday, April 19, 2018 3:42 PM

Didn't know any of this was going on. Wow! Thanks for the info Elizabeth.

 

Being really stupid IS "the new smart"!!

  • Member since
    January, 2015
Posted by PFJN on Thursday, April 19, 2018 7:20 PM

Hi,

Thanks for the information.

Pat

fox
  • Member since
    January, 2007
  • From: Narvon, Pa.
Posted by fox on Thursday, April 19, 2018 7:44 PM

Thanks for the info and update.

Jim  Captain

Photobucket Main WIP: Rebuild of Monogram 1/8 "Big Deuce" with 1/8 Pocher V-12 in rear - 10%

   On the Bench:   Revell 1/48 Ju 52/3m - 50%;  Revell 1/96 USS Kearsarge - 20% 

I keep hitting "escape", but I'm still here.

  • Member since
    December, 2002
  • From: Bury St Edmunds, Suffolk, England
Posted by Bish on Friday, April 20, 2018 2:01 AM

Yes, thanks very much for the info. Hopefully this all means there will be little chance this side of the pond, i just hope they can sort out any issues for you guys.

''I am a Norfolk man, and i glory in being so''

 

On the bench: Amusing Hobby 1/35th Lowe

  • Member since
    November, 2010
  • From: Florida-West Central
Posted by Eagle90 on Friday, April 20, 2018 5:13 AM

Thank you for keeping us up on ALL the aspects of the hobby...much appreciated.

Change is in the air huh?  Well, like we said in the military....we will adapt and overcome!

 

  • Member since
    December, 2017
Posted by drumsfield on Friday, April 20, 2018 7:57 AM

Just curious, what's the difference between Revell Germany and US? I always thought they were the same company. I usually manage to stay clear of the kits except after watching a few reviews on the German kits I've been wanting to try them, but the name threw me off.

  • Member since
    September, 2012
Posted by GMorrison on Friday, April 20, 2018 9:00 AM

Revell germany was a subsidiary of Revell US until 2006. Then it was a separate company until 2012, when it was bought back by Hobbico. Now, not sure.

During the last 15 years it developed it's own line of kits, has diffewrent factories, and advertises both separately and on the Revell US site. 

Revell Germany earned a reputation for high quality.

  • Member since
    April, 2009
  • From: Longmont, Colorado
Posted by Cadet Chuck on Friday, April 20, 2018 11:31 AM

Now I'm worried about the future availability of Hasegawa kits.  Losing Revell would be bad enough, but Hasegawa is one of the best brands.  Thank you for the report!

Computer, did we bring batteries?.....Computer?

  • Member since
    July, 2003
  • From: Cincinnati, Ohio
Posted by ridleusmc on Friday, April 20, 2018 4:53 PM

I wonder about those 15 employees in Illinois.  I wonder if they could help with business operations and distribution for the North America market.   

  • Member since
    February, 2007
Posted by mitsdude on Sunday, April 22, 2018 9:34 AM

The brands of my youth just keep disappearing.

Kodak, Zenith, Magnavox, Polaroid, Marx, Kenner....and now Revell!

  • Member since
    November, 2009
  • From: Twin Cities of Minnesota
Posted by Don Stauffer on Sunday, April 22, 2018 11:11 AM

Modelwise there were Scientific (actually, now carried on by Micro Mark), Comet, Jasco, and Berkeley.

Don Stauffer in Minnesota

  • Member since
    September, 2012
Posted by GMorrison on Sunday, April 22, 2018 11:23 AM

Does Monogram go with it?

  • Member since
    September, 2005
  • From: North Pole, Alaska
Posted by richs26 on Sunday, April 22, 2018 9:11 PM

Investment group, Quantum Capital Partners owns all of RoG and the RM USA assets.  RM USA does not now exist.  RoG will be running things.  It will be awhile until they can get  a US distribution network up and running.  Monogram and Revell USA does not exist anymore so it might be used only for the old US molds for the US market.

WIP:  Monogram 1/72 B-26 (Snaptite) as 73rd BS B-26, 40-1408, torpedo bomber attempt on Ryujo

Monogram 1/72 B-26 (Snaptite) as 22nd BG B-26, 7-Mile Drome, New Guinea

Minicraft 1/72 B-24D as LB-30, AL-613, "Tough Boy", 28th Composite Group

JOIN OUR COMMUNITY!

Our community is FREE to join. To participate you must either login or register for an account.

SEARCH FORUMS

FREE NEWSLETTER
By signing up you may also receive reader surveys and occasional special offers. We do not sell, rent or trade our email lists. View our Privacy Policy.