Rival firm take over ModelZone's wholesale business...
Following the ModelZone chain of stores going into adminstration, Amerang, the wholesale side of the business, has been acquired by rival firm Ripmax.
While the 47 shops in the ModelZone chain are to be closed, Amerang will now continue to trade under its current name and all of its staff will transfer to the new company.
Deloitte administrator Richard Hawes has issued the following statement:
“We are delighted to have secured a buyer for Amerang, which continues to be an attractive brand given the strength of its customer and supplier base and its reputation in the market.”
Want the latest issue of Model Collector? Use our magazine locator link to find your nearest stockist!