[slightly OT] Roco insolvency

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- Mike B
  
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posted
18 years ago

Wed, Aug 24, 2005 9:16 PM

Sorry if old news, but I found out today that Roco have been declared bankrupt, although a new company is likely to resume production of some of their products, but not in Austria. This may not be of concern to the majority of users of this newsgroup, unless they use Roco track, DCC systems or Hoe models for OO9, but quite a surprise given that Roco are/were one of the major producers of good quality, and not the most expensive, model railway items..

More information at, for example:

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Mike B

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- John Turner
  
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posted
18 years ago

Wed, Aug 24, 2005 10:52 PM

"Mike B" wrote

I understood that Bachmann had made a bid for Roco, so quite what the future holds is anyone's guess, but future production within the EEC is extremely unlikely I would have throught.

John.

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- Pat Hammond
  
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posted
18 years ago

Sat, Aug 27, 2005 6:16 AM

In article , Mike B writes

I think you will find that they are now owned by an Austrian bank and have been given 6 months in which to turn the business around. I understand that 3 European companies have been showing interest in possible acquisition.

I am told that their failure has been on the cards for some time following a failed project in America and a very large outlay on new premises.

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