megroot
A Fixture
Hello Guys,
Just get this message from a friend. I hope it is true.
Marc.
Good news about Airfix and Humbrol !
Please click these links...
http://www.hannants.co.uk/search/?FULL=HUINFO
http://news.bbc.co.uk/1/hi/business/6134988.stm
http://business.timesonline.co.uk/article/...65-2446432.html
PRESS RELEASE
10 November2006
ADMINISTRATORS EXCHANGE CONTRACTS WITH HORNBY FOR SALE OF AIRFIX & HUMBROL ASSETS
The joint Administrators of Humbrol Ltd, Keith Hinds and Joe McLean, of Grant Thornton in Leeds announce that contracts have been exchanged to sell the company's intellectual property, including its brands, to Hornby Plc ("Hornby"), the international models and collectibles group. Humbrol Ltd, the owner of the famous modelling brands Airfix and Humbrol and went into administration on 30 August 2006. The Administrators have been in negotiations for some weeks with a variety of suppliers in the Humbrol supply chain including its former subsidiary Heller SA in order to achieve the sale. Agreement has also been reached with Heller SA, which is also in the French equivalent ofAdministration, for the release of Airfix moulds and tooling to Hornby.
Keith Hinds, joint Administrator said: "I am delighted to be able to announce this successful sale. This transaction provides the best opportunity to preserve and develop what is an iconic brand."
Frank Martin, Chief Executive of Hornby commented: "We are delighted to have acquired Airfix and Humbrol, both of which are iconic brands in the hobby market. The strategic fit with Hornby is excellent. Hornby has similar distribution channels to Humbrol/Airfix, and we therefore plan to integrate the business into our existing structure, which gives the business the right platform and a more streamlined base from which to grow."
So.... good news!!!
Just get this message from a friend. I hope it is true.
Marc.
Good news about Airfix and Humbrol !
Please click these links...
http://www.hannants.co.uk/search/?FULL=HUINFO
http://news.bbc.co.uk/1/hi/business/6134988.stm
http://business.timesonline.co.uk/article/...65-2446432.html
PRESS RELEASE
10 November2006
ADMINISTRATORS EXCHANGE CONTRACTS WITH HORNBY FOR SALE OF AIRFIX & HUMBROL ASSETS
The joint Administrators of Humbrol Ltd, Keith Hinds and Joe McLean, of Grant Thornton in Leeds announce that contracts have been exchanged to sell the company's intellectual property, including its brands, to Hornby Plc ("Hornby"), the international models and collectibles group. Humbrol Ltd, the owner of the famous modelling brands Airfix and Humbrol and went into administration on 30 August 2006. The Administrators have been in negotiations for some weeks with a variety of suppliers in the Humbrol supply chain including its former subsidiary Heller SA in order to achieve the sale. Agreement has also been reached with Heller SA, which is also in the French equivalent ofAdministration, for the release of Airfix moulds and tooling to Hornby.
Keith Hinds, joint Administrator said: "I am delighted to be able to announce this successful sale. This transaction provides the best opportunity to preserve and develop what is an iconic brand."
Frank Martin, Chief Executive of Hornby commented: "We are delighted to have acquired Airfix and Humbrol, both of which are iconic brands in the hobby market. The strategic fit with Hornby is excellent. Hornby has similar distribution channels to Humbrol/Airfix, and we therefore plan to integrate the business into our existing structure, which gives the business the right platform and a more streamlined base from which to grow."
So.... good news!!!
.
