Distribution News News

CML appointed as Spain distributor for Team Associated & Reedy

See: CML Distribution

CML Distribution have announced that they have been appointed as the new Team Associated and Reedy distributor for Spain. In addition to the UK, France, Belgium, Netherlands and Luxembourg markets the addition of Spain to CML’s territories will further strengthen and enhance support, stock holding and availability of Team Associated and Reedy products with the European marketplace. Any Spanish hobby stores looking for further information on Team Associated/Reedy product, whether they are new customers or those already with accounts with CML should send all correspondence to info@cmldistribution.es

Ruddog Distribution appointed as Team Associated & Reedy distributor

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Ruddog Distribution GmbH have announced that they have been appointed as new Germany, Austria, Italy, Switzerland and the Czech Republic distributor for Team Associated and Reedy from the 1st of February 2018 on. Both brands will be brought into the market using their established distribution network and they will become a major part of their portfolio. The aim is to allow an easier and more dependable access to these World Championship winning brands while ensuring a competitive price tag.

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Insolvency proceedings of LRP electronic GmbH

See: LRP

LRP electronic GmbH and Associated Electrics, Inc. have announced 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. Jürgen E. Lautenbach stated:

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Redcat appointed as FlySky distributor

See: Redcat Racing

Redcat Racing have announced that they are now a North American distributor for select FlySky radios. This move to distribute FlySky radios gives Redcat customers the option to easily upgrade their RTR radio to a more advanced computer style radio with more adjustments for different driving styles. Redcat currently offers four Flysky 2.4GHz radios (FS-GT3B, FS-GT3C, FS-iT4S, FS-GT5). Additional FlySky radios will be added to the line up in the coming months.

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Hobbico filed for bankruptcy protection

See: Hobbico

Hobbico sent us this sad statement indicating that it plans to sell the company and will continue operating throughout the bankruptcy process:

Hobbico, Inc. Files Petition for Chapter 11 Relief and Pursues Sale of Company; Seeks Protection from Creditors to Restructure and Attract New Capital Investment; Operations Continue Throughout Bankruptcy Process.

CHAMPAIGN, Ill. – January 10, 2018 – Hobbico, Inc. (“Hobbico” or “the Company”) announced today that it has filed a petition for relief under Chapter 11 of the United States Bankruptcy Code while it seeks an orderly finalization and implementation of its comprehensive restructuring plan. The petition was filed today with the United States Bankruptcy Court – Wilmington of Delaware In conjunction, Hobbico also announced its plan to sell the company.

Since 1971, Hobbico has grown in to one of the largest United States distributors of radio-control and general hobby products. Built up over time and with the best intentions to further grow its business, Hobbico’s debt has added too much leverage for the Company, and it has been unable to successfully restructure to help meet its financial obligations. With the added impact over the last few years of an increasingly competitive industry, market headwinds and a series of one-off events with key suppliers, Hobbico’s current financial position is unsustainable.

“Despite Hobbico’s core strengths, our business has faced a number of challenges in the last few years, and we have taken steps to ensure all available options to restore the stability of the Company have been exhausted,” said Louis Brownstone, President of Hobbico, Inc. “However, while these efforts were taken to rebuild revenue and profitability, they did not sufficiently address our challenges and we decided to pursue a Chapter 11 reorganization and attempt to attract new capital investment.”

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ABracing & Star rc start a new collaboration

Italian distributors ABracing and Star rc have announced their new collaboration for 2018 season. ABracing’s Alessandro Brugnoni and Starrc’s Massimiliano Mercanti will be present at various Italian championships such as 1/8 Rally Super GT and 1/8 off-road. Starting from 2018, Alessandro will have the task of creating the Team Italy Off-Road, who will be present at all the races of the Italian AMSCI championship, to provide support to all their customers.

Neidhart SA appointed worldwide distributor for Ming-Yang RTR 1/8 buggies

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Neidhart SA has secured worldwide exclusive distribution rights of the Ming-Yang Helios Flux RTR and Accel RTR 1/8 off-road buggies. First up is the Ming-Yang Helios Flux RTR 1/8 E-buggy. It offers a robust and performant design at an affordable price and it comes with a powerful 2000kV brushless motor. The construction is based on an aluminum chassis and is inspired by competition buggies. Big bore shock absorbers for best traction and metal differential gears, aluminum shock towers and ball bearings are part of the standard equipment. The materials are well chosen and the plastics of high quality. The modern body comes pre-cut, painted and decorated with a hot looking sticker set. A 2.4GHz radio system rounds up the great Helios Flux RTR.

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Sanwa appoints new distributor in Italy

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Japanese brand Sanwa have announced that their distributorship in Italy with Scorpio SRL expired in November. The distribution, sales, supports, after- services for Sanwa products are now provided by Schepis Model.