Model Power is out of business...

p51 · Apr 23, 2014

Another case of a company which couldn't keep up with the changes of the hobby, I guess. Such a shame, I loved their airplane models especially...
http://www.modelpower.com/

Dear Model Power Customers,

After nearly 50 years serving the hobby industry, our 3rd generation family business will closing effective immediately.

In 2007, our banks began an aggressive deleveraging process. They no longer approved of a profitable and paying client such as ours, which had been reliant on inventory. This is why one of the industry's most extensive lines, had begun to see much of its products unavailable on the market. Now it will no longer be seen at all.

During these past 7 years, we had made changes to the business in order to accommodate and adjust to the changing nature of the business relationship with our lenders. We had offered multiple solutions to our lenders in order to "fix" our situation, all were rejected, came with different restrictions, or offered to little too late. In all our efforts, no arrangements by our lenders would allow for Model Power to arrive at a position in which we could get back to fill our customer needs.

We would like to take the time to thank all of those whom we have worked with the past 50 years. To our customers and competitors within the industry, we thank you.

Sincerely,
The Model Power Family
Click to expand...

BoxcabE50 · Apr 23, 2014

See also, two other threads ongoing:

http://www.trainboard.com/grapevine/showthread.php?157695-Model-Power-calls-it-a-day

http://www.trainboard.com/grapevine...3-Model-Power-shuts-down-for-good-Immediately

Log in or Sign up

Model Power is out of business...

p51 TrainBoard Member

BoxcabE50 HOn30 & N Scales Staff Member TrainBoard Supporter

Share This Page

About TrainBoard

Useful Links

Places To Go: