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Revell GmbH (Germany) announces today that in a court hearing which took place on 13 April 2018 at the US court having jurisdiction in Delaware the sale of Revell GmbH has been confirmed in favor of a company of the international investment group Quantum Capital Partners (QCP) “Whenever you find yourself on the side of the majority, it is time to pause and reflect.”
-Mark Twain
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 Rank: Super-Elite      Groups: Registered
Joined: 17/12/2013 Posts: 3,982 Points: 11,974 Location: NY, USA
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Oh dear,
they will load it up with debt and then it will not survive.you never want these guys in your business.
Carl
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 Rank: Pro Groups: Joined: 24/08/2009 Posts: 48,827 Points: -13,348
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I suppose being bought by an investment group is better than closure.
The bankruptcy of Hobbico has led to Revell’s assets being bought by the German investment group QPC, listed in court doc’s as Blitz 18-313. They are based near Munich and also bought Hobbico Germany.
All Revell US operations ceased on Friday, April 13. The Illinois offices were closed and 15 people lost their jobs.
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 say that Revell Germany staff only found out about the sale on Friday, and no further details were available at that time.
It’s understood that the model kits already in development, including the Ford GT that is due later this summer, will still be produced. The Ford GT will now be boxed as a Revell Germany kit.
There has been no announcement of a distributor for Revell Germany products that may be sold in the U.S. market. An announcement may come soon 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.
Court doc’s say the sale included all moulds and tooling owned by Revell US, so those now belong to Revell Germany.
The sale 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.
There was at least one other bidder for Revell beyond the winning Blitz bid.
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.
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 Rank: Master  Groups: Registered
Joined: 25/03/2011 Posts: 1,027 Points: 3,075 Location: Lincolnshire
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darbyvet wrote:Oh dear,
they will load it up with debt and then it will not survive.you never want these guys in your business.
Carl
Are we talking about an asset stripping company or a company interested in models? 
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Rank: Pro Groups: Joined: 24/08/2009 Posts: 48,827 Points: -13,348
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Rank: Master Groups: Registered
Joined: 25/03/2011 Posts: 1,027 Points: 3,075 Location: Lincolnshire
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Thanks Mr T, just had a look and it appears from the companies website that they provide assets that they aquire with a sustainable future. They provide management expertise as well as financial and logistical support. It looks like the future could be OK for Revell.
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US
