LDC, the private equity arm of the Lloyds Banking Group, today announces that it has backed a £5.6m Management Buy Out of Modelzone Holdings, the owner/operator of Modelzone, the UK’s largest model retailer, and Amerang, wholesale agent in the UK for overseas suppliers in the model and hobby industry. The MBO was led by CEO, David Mordecai, supported by the group’s new non-executive Chairman, Terry Norris
LDC’s initial £5.9 million investment will be supported by further £3.6 million funding over three years to enable David Mordecai and his team to further enhance the group’s market-leading proposition and implement an accelerated retail roll-out plan, a core element of the investment strategy. In addition the group will make selective acquisitions
Modelzone offers a broad range of high-quality models including plastic kits, die cast collectibles, remote control vehicles, railways and slot racing. The company is a niche retailer in a highly fragmented sector, which caters for both the casual shopper and dedicated collector alike. Modelzone operates from 29 stores across the UK and through its modelzone.co.uk web-site. Outlets include Bluewater, Lakeside, Metro Centre, The Trafford Centre and Meadowhall, as well as stores in major cities such as London, Liverpool, Manchester, Nottingham and Leeds.
David Mordecai, Modelzone Group Managing Director said: "These are exciting times for the new Group as the money invested will allow us to accelerate our retail roll out plan, as well as further develop our strategic goals in Amerang and enhance our appeal to the casual shopper and dedicated enthusiasts."
Flex Your Muscles For Less !!!
Nothing Says Muscle Car like a Camaro, Mustang or Corvette. They look mean and sound mean with their fuel hungry V8 Engines growling like their alive. The two big guns GM and FORD produced these cars in various trim and engine levels with the Camaro Z versions being one of the best.
Modelzone are happy to offer four great motoring giants to all Slot Racing fans, and even more, each car is now reduced to under £20.00!!
C2796 – Chevrolet Camaro - E. Matienzo, T. Nowling, P.Francis - On March 19, 1977 at Sebring, this car started from 43rd spot on the grid and finished 11th overall. The team was ecstatic with the finish. The only make of car which beat the #78 Camaro was Porsche taking the top 10 positions. The 8 year-old Camaro had beaten the Ferraris, the Mustangs, and even a few of the mighty Porsches. It was the first American-made car across the finish line out of 72 cars which started the race.
C2889 - Chevrolet Corvette Stingray - Steve McDonald - The phrase “Pony Car Wars” came about during the period between 1966 and 1972 when the two US car giants Ford and General Motors went head to head in the US Trans-Am race series, which continues today as the Historic Trans Am series.
C2891 - Chevrolet Camaro - M. Carter - This 1969 Camaro Trans Am Race car was campaigned by Chevrolet dealer Maurice Carter of Maurice Carter Chevrolet-Oldsmobile in 1970. 'Mo' took this new Camaro Z-28 off his car lot; race prepped it and entered the 1970 Trans Am series. 'Mo' earned the highest placed Canadian independent driver score of all the Trans Am racers.
C2890 - Ford Mustang - Al Costner - This car was driven in the day by independent Al Costner. It remains active in historic racing, driven by its present owner, Gordon Gimbel of Roseville, California.
Check out these and other great Scalextric cars, sets and accessories here at our dedicated Slot Racing department.
