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Another Manufacturer Sold - Just British
Yes, another famous name in the manufacture of British cars has been sold – although this time on a much smaller scale. Model railway maker Hornby is continuing its expansion in the hobby market by buying up toy-car firm Corgi. Hornby, which originally made its name with model railways, paid £7.5 million for the model car firm, which though originally a British brand was owned by a US company. “We are pulling together the hobby elements of the British toy industry,” Hornby chief executive Frank Martin told the Guardian. The firm also owns Scalextric, a brand that has been making a come back with Formula 1 and film tie-ins. It has also bought plastic model firm Airfix and Humbrol paints. Martin hopes to use the formula that has worked for Scalextric for the Corgi models, hoping that not only will [...]