From Horizon Hobby:
Horizon Hobby, LLC (“Horizon Hobby”) has entered into an agreement to acquire the assets of AKA Products, Inc. (“AKA”), a premier developer and manufacturer of radio-control (“RC”) hobby racing tires and accessories. Founded by Gil Losi Jr. and Joel Johnson in Temecula, California, AKA has been creating world-class products by world champions since 2006.
“This agreement marks another pivotal moment in Horizon Hobby’s commitment to the RC community. AKA adds more world-class experience and products to Horizon Hobby’s Best Brands In RC” said Chris Dickerson, CEO of Horizon Hobby.
Joel Johnson, President of AKA Products, said: “We are thrilled for AKA to join forces with Horizon Hobby. This move enables the AKA brand to reach new heights.” Gil Losi, Jr., Vice President of AKA Products added, “Losi and Horizon have a longstanding track record of bringing innovation to the RC community. I’m excited to rejoin the Horizon team and contribute to the next chapter of innovation.”
Terms of the agreement were not disclosed.
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