Rival firm take over ModelZone's wholesale business...
Rival firm Ripmax has taken over ModelZone's wholesale arm, Amerang Ltd.
While the 47 stores 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.
News of the take-over was announced by Nick Moss, Managing Director of Ripmax, who announced that UCM Ltd (the owners of Ripmax) had purchased Amerang on July 15. Talking about he the acquistion, he expained that although a considerable amount of work is still to be done and certain rationalisation is required, Amerang will begin trading again very shortly. Amerang's stock is being consolidated centrally to Ripmax's extensive Enfield warehouses, from which trade customer despatches will be made.The long term plan is to merge the two companies and operate from Ripmax's Enfield headquarters, while retaining an Amerang sales office in Sussex.
He also went on record as say that this is a very exciting development for Ripmax, as it will enable the company to move into new areas of the market and build on Amerang's strength in die-cast, licensed film, TV and comic collectables, plus plastic kits and radio control items. Ripmax products will now be available to Amerang customers and vice versa, offering huge growth potential.
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