The story
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).
In May 2007 Hobbico acquired Revell-Monogram, famous maker of Revell plastic model kits.
In January 2010 Hobbico acquired model rocket maker Estes Industries.
In September 2010 Hobbico was appointed exclusive distributor for Thunder Tiger in North and South America.
In January 2012 Hobbico acquired the brands Axial, Durango, Arrma and dBoots tires.
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As of January 2015 Hobbico no longer distributes Thunder Tiger products.
In 2012, Hobbico acquired Revell Germany located in Bunde, Germany, and launched Hobbico Europe.
On January 10, 2018, it was announced that Hobbico had filed for Chapter 11 bankruptcy protection.
On 30 June 2018, it was announced that Hobbico had filed for Chapter 7 bankruptcy and went into liquidation.
From Wikipedia’s article on Hobbico, shared under CC BY-SA 4.0.4