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What was Tower Hobby and a couple of the Hobbico brands were bought out of bankruptcy by Horizon Hobby. The web site still looks the same (at least the last time I was there) but the selection has changed to Horizon Hobby brands.
July 21,2020 – from the UNITED STATES BANKRUPTCY COURT, NOTICE OF CHANGE FROM ASSET TO NO ASSET in the case of TOWER HOBBIES INC. It looks as this is ”GOODBY TO TOWER HOBBIES”, one of the biggest and most well known of the mail order companies in the country or for that matter the world. Many of us old timers and most of the new comers ...
Calling the Tower Customer Service at 800-637-6050 or; Mailing to the following address: Tower Hobbies PO Box 9078, Champaign, IL 61826. Please include in your letter the information necessary for Horizon Hobby to identify you in its database and process your opt-out election (such as your name, email address, street address and telephone ...
Tower Hobbies was owned by Hobbico who filed bankruptcy in January 2018. Their RC "Assets" were bought by HorizonHobby which includes as part of the sale, Horizon Hobby purchased the customer databases of Hobbico and certain related RC companies. If you go to the website below it even states by Horizon Hobby that they now own Tower hobbies.
Yeah it is sad to think Tower Hobbies could be no more. I do expect most of the sub-brands to carry on, though. Whether under post-bankruptcy "New-Co" or sold to a different parent, I expect most of the sub brands will carry on. The big question will be (Like HPI) will there be a interm parts shortage.
Hobbico owned Tower Hobbies, as well as other brands. On January 10, 2018, Hobbico filed for Chapter 11 bankruptcy protection and announced the company is for sale. On April 13, Horizon Hobby acquired control of most Hobbico RC brands & IP
Aug 11, 2018, 08:30 PM. #2. DC1138. DC1138. The Mad Titan. Tower Hobbies stopped carrying Traxxas WELL before Horizon purchased up parts of Hobbico. It was the result of litigation between the Traxxas and Hobbico and was supposedly one of the reason that Hobbico had to declare bankruptcy at the end. Purchase off of Ebay.
Tower's kits were made by Great Planes Manufacturing, GPM was not acquired by any of the groups which purchased portions of Hobbico when Hobbico's assets were liquidated after bankruptcy. Because of that all of the tooling, parts and files for the kits were disposed of. The ARF's were mostly made offshore.
Page 20-Discussion Is Tower Hobbies in trouble? Vendor Talk
Tower Hobbies selling prices are often lower than what they wholesale the same product to LHS at. Making it impossible for the LHS to compete with Tower on price and remain in business. to do this, Tower has been selling for years at prices below the actual cost of sales (cost of product, cost of transportation, cost of inventorying, cost of ...