![]() “Horizon and Hobbico have served many of the same retailers and customers for years,” Horizon CEO Joe Ambrose said when his company announced it would try to buy Hobbico’s RC units. It’s not clear how many of the employees will be hired at Horizon, especially since the two Champaign-based hobby-product distributors perform similar tasks. ![]() “As mentioned in yesterday’s Town Hall Meetings, Hobbico employees who are interested in being considered to work at Horizon Hobby are required to apply online,” Hobbico human resources manager Megan Huppert wrote Friday in an email obtained by The News-Gazette. Hobbico’s more than 300 employees were made aware of this possibility last week, after Horizon was the lone bidder in a bankruptcy auction for Hobbico, which filed for Chapter 11 protection in January with the goal of finding a new buyer. ![]() “A bankruptcy court judge approved Horizon Hobby’s $18.8 million purchase of Hobbico’s remote-control business Monday, which means Hobbico employees must reapply for their jobs at Horizon before the purchase is completed Friday. Here’s the scoop from the Champaign-based newspaper, the News Gazette: In the biggest RC industry buyout in recent history, Horizon Hobby is buying all of Hobbico’s RC-related brands.
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