Team Durango and ARRMA ride to US deal
The sale of two Leicestershire-based radio-controlled car brands to an American business has been confirmed.
Team Durango and ARRMA have been bought by US model hobby product specialist Hobbico with Derby-based Flint Bishop acting on the deal.
Both brands are now set to operate as Hobbico subsidiaries from their current locations at Ashby-de-la- Zouch in Leicestershire.
Ran Oren, head of corporate at Flint Bishop, said: "We are very pleased to have helped Team Durango and ARRMA to successfully achieve the sale of their businesses.
"This transaction involved parties in multiple jurisdictions and I am delighted that the long term success of the brands has been secured through everyone's hard work."
Team Durango specialises in off-road and on-road vehicles in a tenth and an eighth scale and holds world and national championship titles in the world of radio-controlled cars.
