with apologies, for the Google translation.
Tecnitoys, Scalextric maker, in liquidation
by William Alfonsin of April 9, 2012
I think all of us who are fans of the world of cars to childhood when we had our fans phase slot (or Scalextric , also known as more "vulgar" associating brand and fans). Scalextric in Spain is and has always been a benchmark in the world of slot. Born in Spain in 1962 at the hands of Exin, who got the license held by Lines Bros only for the country (sponsored by the ban on import materials from abroad), the brand changed hands in 1993 for Tyco and later in 1998 landed in Tecnitoys.
The great boom of the slot at the national level saw the birth of many brands like Fly or Ninco. But the market downturn also caused the closure of many of them, and the dismissal of many employees along the way.
Meanwhile, growing at an unstoppable Tecnitoys, and succeeded in 2006 the investment of risk capital, owned by Grupo Planeta (hence there were so many collections of Scalextric in kiosks), to grow further and become an international company.
The commitment at that time was twofold. For one, two years earlier had made a heavy investment in the digital system's own brand, the SCX Digital System, which, over time, we proved unsuccessful in stores, generating little benefit for the investment.
On the other hand opted for export as a path for growth. The problem is that to export Tecnitoys could not use the Scalextric brand name, selling products under the brand name SCX (Scalextric belongs in the rest of the planet at Hornby).
Not having the name Scalextric in support was a ballast when competing abroad.
Overall, the company has not flourished as expected. Moreover, the mix of crisis, more competitive market and shrinking of the slot as a hobby, after the great boom of the late nineteenth century, caused the company to reduce its turnover to 16 million euros in 2009 from 27 million reached in 2005.
With a cost structure dimensioned for growth, strong investment put on the table, Tecnitoys owners began to see the problem and try to attack it in various ways, including the sale, but to no avail, until last March 2, a extraordinary shareholders meeting held in-house decided to take the path of winding it impossible to cope with the debts incurred by society.
Within this process of liquidation, it appears that the most feasible solution, it is said in GurusBlog, passes through the sale of the business to Educa Borras, which would keep the license for Spain Scalextric, duties on the products, the factories company in China, and part of the template. But for this change of hands can make, it needs the approval of banks to which they owe large sums of money.
Another option, which our own sources consulted this morning we have left is, is because Hornby, Scalextric the owner's name in the rest of the world, as we have explained, acquired the trademark in Spain. But this option for the settlement would cause the immediate closure of Tecnitoys and activities, solving only the economic part of the problem (and only in part) for banks, creating along the way layoffs.
With Spain as a power on the globe in terms of slot would be a shame as Ninco quedase only large manufacturer based in the country.
We will keep up with the information that we obtain from us.