An excerpt from the Hornby Website:
Hornby Plc has confirmed today that it has completed the acquisition of certain assets of Lima S.p.A.
Lima is one of Europe’s best known model railway companies. It has a strong profile in Italy, France and Germany, with brands including Lima, Rivarossi, Jouef, Arnold and Pocher.
In recent years, Lima has struggled to contain production costs associated with its European manufacturing facility. Despite strong brands and an attractive product range, the company found itself in financial difficulties and was placed into administration in 2003.
Hornby has acquired certain assets of the company from the liquidators through the Court of Brescia. The majority of these assets are the trademarks together with the moulds and tooling and associated assets for a substantial number of different model railway product lines.
Hornby is planning to relocate the manufacturing and assembly of the Lima products to China. Hornby has managed the outsourcing of its own manufacturing and assembly processes to China successfully over recent years. This process has enabled Hornby to concentrate on designing new product lines, improving distribution channels and innovate its marketing programme.
You can read more about the acquisition here:
http://www.hornbyrailways.com/pages/nws ... ItemID=423
Hornby Plc has confirmed today that it has completed the acquisition of certain assets of Lima S.p.A.
Lima is one of Europe’s best known model railway companies. It has a strong profile in Italy, France and Germany, with brands including Lima, Rivarossi, Jouef, Arnold and Pocher.
In recent years, Lima has struggled to contain production costs associated with its European manufacturing facility. Despite strong brands and an attractive product range, the company found itself in financial difficulties and was placed into administration in 2003.
Hornby has acquired certain assets of the company from the liquidators through the Court of Brescia. The majority of these assets are the trademarks together with the moulds and tooling and associated assets for a substantial number of different model railway product lines.
Hornby is planning to relocate the manufacturing and assembly of the Lima products to China. Hornby has managed the outsourcing of its own manufacturing and assembly processes to China successfully over recent years. This process has enabled Hornby to concentrate on designing new product lines, improving distribution channels and innovate its marketing programme.
You can read more about the acquisition here:
http://www.hornbyrailways.com/pages/nws ... ItemID=423
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Moderator: New York State Railfan :: New York Central :: Toy Trains
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Moderator: New York State Railfan :: New York Central :: Toy Trains
NYW&B Fan Site :: A Magazine I Read Often :: A Museum I Volunteer At
