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HelicopterMain Discussion › Horizon buys up Tower Hobbies!
04-07-2018 08:28 AM  17 days agoPost 1
InvertedDude

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USA

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Looks like Tower Hobbies was approved by BK court for Horizon buy out!!!

I am okay with it! Yippie!
Important Notice Regarding the Sale of Your Personal Information and Your Right to Opt-out

Dear Valued Customer:

As you may be aware, Tower Hobbies' parent company, Hobbico, declared bankruptcy in January 2018 and has initiated a sale process.

We are excited to share with you that the RC brands and Tower Hobbies website that you have come to rely on over the years will continue. The Bankruptcy Court has approved the sale of Hobbico's RC business to Horizon Hobby, LLC. Horizon Hobby has been in business since 1985 and serves customers in the United States and around the World. Horizon Hobby also maintains a strong online presence and warmly welcomes Hobbico customers to its growing family. With this acquisition, Horizon Hobby looks to build upon Hobbico's great reputation for providing quality RC products to customers across the country. More information about Horizon Hobby can be found at https://www.HorizonHobby.com.

As part of the sale, Horizon Hobby is purchasing Tower Hobbies' customer databases. The Tower Hobbies Privacy Policy provides that the company will not share any personally identifiable information with any third party without your consent. Under this Privacy Policy, you have the right to opt-out of the sale and the transfer of your personal information to Horizon Hobby, and of receiving future e-mail or mail communications from Horizon Hobby.

You may elect to opt out by any of the following methods:

Clicking the link at the bottom of this email message;
Sending an e-mail to Tower Hobbies' web master at info@towerhobbies.com with the information necessary for Hobbico to identify you in its database and process your opt-out election (such as your name, email address, street address and telephone number);
Calling the Tower Customer Service at 800-637-6050 or;
Mailing to the following address:
Tower Hobbies
PO Box 9078, Champaign, IL 61826
Please include in your letter the information necessary for Horizon Hobby to identify you in its database and process your opt-out election (such as your name, email address, street address and telephone number). Please note that opting out will remove your proof of purchase data required for warranty service.

If you opted in to receive promotional emails from Tower Hobbies, you may also receive promotional emails from Horizon Hobby unless you opt out of having your information conveyed to Horizon Hobby.

Your request to opt out must be received no later than April 6, 2018.

After the opt-out deadline, Horizon Hobby has offered to conduct a sweepstakes for Tower Hobbies customers who decline to opt-out as a thank you for your interest. We thank you for your past patronage and hope you will always continue to enjoy the RC hobby.
Sincerely,
Tower Hobbies

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04-07-2018 12:59 PM  17 days agoPost 2
870heli

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Monson Ma. USA

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So it looks like Hobbico is gone. Sold to Horizon. From what I read Tower Hobbies is still in business. There sight is still up and it looks like everything is normal. I guess time will tell.

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04-09-2018 06:15 PM  15 days agoPost 3
rcscaleguy

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CA, USA

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Pricing
Compare Horizon Hobby website to TowerHobbies. While they may have purchased the pricing sure has not translated. For instance look at Zap adhesives for example. While these are small items dealer I'm sure love this. As a consumer I'm sure we all need to look at the new Tower site HH that's been in development for 7 years running.

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04-09-2018 08:01 PM  15 days agoPost 4
Heli_Splatter

rrElite Veteran

USA

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It does look like Futaba radios are in stock. So maybe that arrearage has been resolved. It has only been a week since the purchase was agreed, so I am sure that a lot of changes that are planned have not even started.

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