By Mike Garrison
HPI Racing has announced new ownership in a public letter published on their site Friday afternoon. Vestergaard Group, established in 1964 was first known for importing toys, but has continously changed and know contains over 30,000 items mainly consisting of art and craft supplies and R/C hobby products.
Letter to Customers from HPI Racing:
HPI Racing is delighted to announce a development that will see a change of ownership of its global operation. The major shareholders of the Scandinavian based Vestergaard Group have signed a deal that will see them utilise their 50+ years expertise and investment in the hobby industry to revitalise HPI Racing, capitalise on its great heritage and push the brand forward.
Speaking from Vestergaard Group's Danish HQ, the new owners announced a new era for HPI Racing with a stable supply chain and excellent customer service.
“We are looking very much forward to rebuilding the HPI Racing and Maverick brands together with you. The brands will be putting existing customer's needs first. Every HPI Racing product owner around the world has made an investment in HPI Racing. It's important we remember that and do all we can to ensure they have years of enjoyment from it. We can assure you that there is a bright and sustainable future planned for HPI Racing, with both innovation and parts supply at the core”.
More information will follow soon!
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