Oftentimes we have our heads down, nose to the grindstone, working on the mundane and as a result fail to take notice of news that could have a significant impact on our business. For instance, back in July, Hornby, the parent company of Corgi, completed an acquisition of the Oxford Diecast Group, a British-based maker of diecast cars, aircraft, train accessories and other segments of the hobby industry. The take over involved the purchase of the remainder of LCD Enterprises it did not already own, a holding firm that represented Oxford and its owners Lyndon Davies and his wife Catherine Davies. Lyndon Davies is currently the CEO of Hornby after having moved over from Oxford a few years ago.
Thus far, we aren’t certain how this will impact things going forward, since neither our present distributor of Oxford nor the new owners have said anything regarding the take over. We expect further news in January, since this is the time both Hornby and Corgi typically announce their new wares for the coming year.
For more information on the take over, visit this link.