Revell parent company Hobbico is filing for bankruptcy
Hobbico currently owns both the Revell and RevellAG (Revell Germany) brands, Estes rockets, and a whole slew of RC companies. They are also the exclusive distributor for Hasegawa and Italeri in the U.S. Hobbico filed for bankruptcy protection Wednesday, which could result in 332 layoffs at its Champaign facility. In a statement, Hobbico said that it…