This is a public record generated listing.
Hobby Equipment Manufacturing Company
Listing Information
Attachments
Hobby Equipment Manufacturing Company
Price: $38,000,000.00
Other Item Info
Item #: debke_171639
Created: 03/07/2018
Category: Business Property > All Assets or Going Concerns > General Industrials
Sale Location: Chicago, Illinois
Sale Date: Mon. Mar 26, 2018
Created: 03/07/2018
Category: Business Property > All Assets or Going Concerns > General Industrials
Sale Location: Chicago, Illinois
Sale Date: Mon. Mar 26, 2018
Seller Info
Matthew Talmo
Debtor's Attorney
1201 N. Market Street P.O. Box 1347
Wilmington, DE 19899
302-658-9200
Debtor's Attorney
1201 N. Market Street P.O. Box 1347
Wilmington, DE 19899
302-658-9200
Bankruptcy Info
Case #: 1:18-bk-10055
Case Title: Hobbico, Inc.
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Hobbico, Inc.
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of all assets of Hobbico, Inc. which is a one of the world’s largest designers, manufacturers and distributors of radio control and general hobby products.
Assets for sale is more described in Exhibit 3 of the attached PDF.
Financial Overview
Income and Expenses ($)
months
Revenue/Gross Income:
Total Expenses:
Cash Flow:
Asset and Liability Summary ($)
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Inventory:
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Real Estate:
Total Assets:
Liabilities to assume:
Sale Location
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Chicago, IL, 60602
Additional Details
- Auction time: 10:00 a.m
- Sale hearing on March 28, 2018 at 10:00 a.m.
- Minimum bid: For substantially all of the Acquired Assets: $38 million; For the U.S. Assets Lot: $32 million; For the Hobby Business Lot: $22 million; For the Global Mass Market Lot: $16 million; For the Global Revell Lot: $10 million; For the Revell Germany Lot: $8 million; and For the Estes-Cox Lot: $6 million.
- Bid deposit: five percent (5%) of the purchase price
- Bid deadline: March 23, 2018
- Last date to respond: March 21, 2018