LIG Solutions Announces Partnership with National Retail Hobby Stores Association
Cleveland, Ohio (September 17, 2019) — LIG Solutions, a division of Lighthouse Insurance Group, announces a partnership with National Retail Hobby Stores Association (NRHSA) to offer its members, their families, their employees, and others committed to the NRHSA mission access to exclusive healthcare insurance coverages. Click here to download pdf.
Quantum Capital Partners (“QCP”) Acquire Stadlbauer Marketing & Vertrieb GmbH. As reported by HMA
Quantum Capital Partners (“QCP”) in Munich, Germany, has acquired Stadlbauer Marketing & Vertrieb GmbH (SMV) based in Salzburg, Austria. The completion of the transaction is subject to anti-trust approvals. Through this strategic acquisition, Quantum will strengthen its market position in the toy industry. In 2018, the Quantum Group acquired Revell GmbH, a leading manufacturer of plastic model kits as well as radio-controlled toys. Click here to download pdf.
Tariff on $300 billion worth of imports from China.
As reported by HMA
Hello HMA Members:
The president's administration is proposing a new 25 percent tariff on $300 billion worth of imports from China, including toys and reduced scale models. The move comes days after the president raised the duty rate to 25 percent on $200 billion worth of Chinese imports that were already subject to 10 percent tariffs.
The Hobby Manufacturers Association (HMA) has joined the efforts to raise awareness of the damaging impact that tariffs would have on the hobby industry, U.S. jobs, and consumers. The HMA supports and has joined the Americans for Free Trade.
We strongly encourage all of our HMA members to join the fight against these tariffs by joining the Americans for Free Trade coalition at americansforfreetrade.com. Scroll down and provide your information in the online form - it's free to join and will help strengthen coalition efforts.
Members will be kept apprised of developments with these new tariffs on the hmahobby.org homepage.
HMA Executive Secretary
National Model Aviation Day
The Academy of Model Aeronautics Foundation has designated August 17, 2019, as National Model Aviation Day. Sponsorships are available at the national level, and the foundation encourages local clubs and hobby shops to support the celebration.
Now in its seventh year, National Model Aviation Day was created to encourage clubs to celebrate the hobby and share it with the public.
MRC IS ACQUIRED BY VSA, INC
MRC will operate as a division of VSA. MRC's headquarters will remain in NJ and the core management will continue in place, including Akiko Kimura, as president and Donald Boyce as executive vice president.
MRC will continue to serve the hobby industry with its category-leading hobby lineup. This includes MRC-Prodigy DCC systems, sound decoders and accessories, and DC & AC train controls.
Among the company's front-running plastic model brands are Academy Model Kits which features armor, aircraft, warships, and ships. Academy also delivers DaVinci, fully functional edu-trainment kits.
Italeri Plastic Models is another MRC brand highlighting military armor, aircraft, trucks, and sports car kits. Finally, Easy Model's factory assembles, hand painted, armor, ships planes, tanks, and figures offer modelers a ready to display choice.
JTT Scenery Products featuring trees, flowering plants, vegetables, and otherlandscaping items are in demand by railroaders and craft enthusiasts. The company's Garden Craft Series round out the MRC brand roster.
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