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On Monday, a bankruptcy court judge approved Horizon Hobby’s purchase of Hobbico. The two Champaign, Illinois hobby powerhouses are expected to become one this Friday, the date of the end of the sale. Horizon submitted an offer of just under 19 million dollars to acquire Hobbico’s ARRMA and Axial Racing brands, as well as their Tower Hobbies and Great Planes [...]
It is once again sad for us to post the closing of another iconic rc company. LRP has been in bankruptcy for several months and were not able to find a buyer for their company. On Saturday, March 31st, LRP will be closing forever. However, there is some good news to go along with all this. Newly founded Lautenbach Racing Products [...]
BigSquidRC has learned that Horizon Hobby has filed an official bid to buy Hobbico. The bid of just under 19 million dollars was filed earlier today. The closing of the sale is slated for April 6th. Click Here to read more industry news on BigSquidRC.
As previously mentioned in THE Cub Report, “Hawaiian” Chris Liwanag has been named as our new Sales Director. Chris was originally born in the Philippines, but moved to Chicago at a young age. Chris went to school here in America and joined the United States military when he got older. Slot cars and full scale drag racing are some of Chris’ [...]
The world of rc seems to get more high tech every day. An example of this is the fact that Hyperion has announced that they are now accepting Bitcoin for payment when buying off the Hyperion-World website. To make the deal even better, you get an extra 15% off by paying with Bitcoin. Hyperion has long been known for their [...]
That’s right folks, all your favorite Tekno RC, STRC, and Vanquish products will now be available from Horizon Hobby. Horizon will be distributing all three lines to their large dealer network. This allows hundreds of hobby shops across the country to have easy access to the wide range of Tekno vehicles and parts, along with all the uber aluminum goodies [...]
After announcing bankruptcy last August, LRP has put out a press release that it will be Closing Its Doors at the end of March. LRP has been searching for a buyer for several months and none has been found, thus resulting in a March 31st 2018 closing date. Once again we are saddened to hear more bad industry news, here [...]
Guess who is headed back to TLR? That’s right folks, Brian Kinwald is back driving for Team Losi Racing. For you new hobbyists, Brian is one of the top racers in our sport. More importantly, he is also considered to be one of, if not the best, rc racers of all time. The 1990’s were virtually owned by Brian as [...]
Mark Pavidis has long been a top racer in the rc world. From winning various large races, to national and world championships, Mark has been one of the fastest racers of the last two decades. Now days Mark is racing with his son Ryan. Racing together as Team Pavidis, Mark and Ryan have both opted to run Pro-Line tires for 2018. [...]
To get more FLYSKY radios in the hands of hobbyists, Redcat Racing has announced that they are now a distributor for the popular radio brand. FLYSKY is best known for their affordable 2.4GHz radio systems, which should mesh well with Redcat’s primary customers. Here is the official press release- “Redcat Racing announces that they are now a North American Distributor [...]
As eluded to earlier this week in THE Cub Report, the HMA has announced that BigSquidRC’s Brian Smolik has been appointed to their Radio Control Division Council. The Hobby Manufacturers Association (HMA) is our industry’s trade association for manufacturers, suppliers, importers, and publishers. Their mission is to promote model hobbies, as well as giving a united voice to those working in the [...]
The crew at Hitec have recently announced Mike Mayberry as their new surface team manager. For all you aspiring racers out there, Hitec is the team to be on for their high-end servos, as well as their Lynx 4S 2.4GHz radio system. Congrats to Mike on being named their team manager, he has been a member of the Hitec staff [...]
The entire crew at BigSquidRC has very sad hearts over the following news. We have received the official press release from Hobbico Announcing Their Bankruptcy. Most people already know that Hobbico has been having a rough go at it lately, we are posting the press release to give you the most accurate information possible. As we learn more, we [...]
Here is some big news for all you Redcat Racing fans. Starting right now you can get your favorite cars, trucks, and buggies from Horizon Hobby, as well as their Certified Dealers. Redcat has been coming on strong in 2017 and recently Placed Second in our six truck scale crawler shootout, we can’t wait to see what they have in [...]
Whoa, now here is some big news, HPI Racing has just announced new distribution channels for the North American market. The new HPI distributors in North America include HRP Distributing, along with Hi-Performance Distribution (for Canada), and Swift Distributing. Here is the official press release- “HPI Racing Welcomes New North American Distributors Today, we are pleased to announce new partnerships with four [...]
