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All active customers on the Tower Hobbies mailing list received the catalog, as well as a bi-monthly Super Special Sheet spotlighting new and sale-priced items. [8] By the fall of 1982, Tower Hobbies was the world’s biggest mail-order retailer of radio-controlled airplane and boat models, grossing more than $15 million a year. [3]
In 1971 Tower Hobbies was founded by Bruce Holecek. In 1972 Great Planes Model Distributors was founded by Don Anderson. Hobbico was started in 1985 when Tower Hobbies was combined with Great Planes Model Distributors to form Hobbico, Inc. In November 2005 the company became a 100% employee-owned ESOP (Employee Stock Ownership Plan). [2]
After Great Planes Model Distributors and Tower Hobbies merged in 1984, Hobbico, Inc. was created. [5] In July 1985, Stephens, along with Janet Ottmers, Debra Love, and Eric Meyers, formed Horizon Hobby. [5] October 1, 1985, was the first day of official business as the team started shipping inventory on orders they’d been taking the months ...
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In 1976 Leisure Dynamics changed the company name to "Cox Hobbies Inc." In 1980 Leisure Dynamics filed for bankruptcy, taking Cox Hobbies Inc. with them. In 1981 Leroy Cox died on September 22, at age 75. In 1983 former Cox engineer and president Bill Selzer (whom Cox had hired in 1952) purchased the company out of bankruptcy.
G-W Invader, (sometimes listed as GW Invader), began production in 1967 with its 10-foot and 16-foot boats.The "G-W" indicated the last names of the founders. The initial designs of 10 and 16 footers were that of sport racing boats with a very low profile, low weight, and shallow draft.
A Universal Atomic 4, installed in a C&C 29 Mark 1 sailboat.. The Universal Atomic 4 is a four-cylinder, gasoline engine produced by the Universal Motor Company between 1949 [1] and 1984 for use as auxiliary power on sailboats. [2]