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Flint Bishop Drives International Hobby Car Brands Sale
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Flint Bishop Solicitors have played a key role in the sale of two leading radio-controlled car brands to a major US firm.
Team Durango and ARRMA approached Flint Bishop’s corporate law team to advise them on the legal aspects of the sale to US company Hobbico, the world’s leading manufacturer and marketer of model hobby products. The deal was completed simultaneously with the acquisition by Hobbico of Californian company Axial.
Team Durango is a leading brand of state-of-the-art off-road and on-road vehicles in 1/10 and 1/8 scale and holds both world and national championship titles.
Introduced in 2011, ARRMA was developed by d Radio Control Ltd to offer radio-controlled vehicle enthusiasts a selection of vehicles with advanced features, unique designs and parts compatibility.
Both brands will now operate as Hobbico subsidiaries from their current locations at Ashby-de-la- Zouch in Leicestershire.
Jason Dearden, Managing Director of ARRMA Durango Ltd says: “Flint Bishop’s corporate team were easy to work with, fast to respond and kept on top of the deal to prevent delays on our side. They worked into the early hours to make sure the deal concluded to meet the various time zones involved. This is the biggest deal of its kind that I’ve had to tackle, but with their help I always felt in control.”
Head of Corporate at Flint Bishop, Ran Oren says: “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.
“Business owners can go through a lot of changes and our commitment to developing long term client-focused relationships has led to us having very high client retention. As a result we have been cited in the leading law directory The Legal 500 as having a quality of advice and customer service that is second-to none”.
For more information on Flint Bishop’s corporate legal services call Ran direct on 01332 226 140 or email him at ran.oren@flintbishop.co.uk.
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