Press Release: The Revell Group Sells European Subsidiary
Thursday, September 14. 2006
Northbrook, Illinois – 14 September 2006. The Revell Group USA has sold its European company, Revell GmbH, to a group of outside investors led by the Revell GmbH executive management team.
The sale of Revell Europe will strengthen the financial resources of Revell Monogram USA and will enable it to focus on expanding its current product offerings, as well as its future product development programs.
Under the terms of the sale, the operating agreement which was crafted jointly by both the North American and European operating divisions permits Revell Monogram to be exclusively responsible in all North American markets for all Revell and non-Revell branded products and Revell GmbH will be exclusively responsible in all European markets for all Revell and non-Revell branded products.
All remaining global markets will be serviced jointly by the companies under a perpetual agreement governing sales, marketing and intellectual property. The agreement which was crafted by the parties was based in great part upon the existing agreement which has guided the working relationship
between the two divisions since 1992. The result is that there will be no discernible difference in the day to day business activities between the two companies.
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The sale of Revell Europe will strengthen the financial resources of Revell Monogram USA and will enable it to focus on expanding its current product offerings, as well as its future product development programs.
Under the terms of the sale, the operating agreement which was crafted jointly by both the North American and European operating divisions permits Revell Monogram to be exclusively responsible in all North American markets for all Revell and non-Revell branded products and Revell GmbH will be exclusively responsible in all European markets for all Revell and non-Revell branded products.
All remaining global markets will be serviced jointly by the companies under a perpetual agreement governing sales, marketing and intellectual property. The agreement which was crafted by the parties was based in great part upon the existing agreement which has guided the working relationship
between the two divisions since 1992. The result is that there will be no discernible difference in the day to day business activities between the two companies.
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